UBS Group upgraded shares of InterContinental Hotels Group (NYSE:IHG) from a sell rating to a neutral rating in a research report sent to investors on Thursday, www.benzinga.com reports.
Separately, Morgan Stanley downgraded shares of InterContinental Hotels Group from an equal weight rating to an underweight rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company has a consensus rating of Hold and an average target price of $69.00.
NYSE:IHG traded up $0.47 during trading hours on Thursday, hitting $56.11. 130,000 shares of the company were exchanged, compared to its average volume of 137,938. InterContinental Hotels Group has a 52-week low of $50.84 and a 52-week high of $69.23.
About InterContinental Hotels Group
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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