InterContinental Hotels Group PLC (ADR) (IHG) is Downgraded by Morgan Stanley to Underweight

InterContinental Hotels Group PLC (ADR) (IHG) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Sep 26, 2016.

Many Wall Street Analysts have commented on InterContinental Hotels Group PLC (ADR). InterContinental Hotels Group PLC (ADR) was Initiated by HSBC Securities to “Reduce” on Sep 19, 2016. Company shares were Reiterated by MKM Partners on Aug 8, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $45 .

InterContinental Hotels Group PLC (ADR) opened for trading at $42.97 and hit $43.28 on the upside on Thursday, eventually ending the session at $43.22, with a gain of 1.10% or 0.47 points. The heightened volatility saw the trading volume jump to 8,55,599 shares. Company has a market cap of $8,504 M.

InterContinental Hotels Group PLC is a hotel company. The Company franchises leases manages or owns over 4800 hotels and approximately 710000 guest rooms in nearly 100 countries. The Company’s portfolio of hotel brands include InterContinental Hotels & Resorts HUALUXE Hotels and Resorts Crowne Plaza Hotels & Resorts Hotel Indigo EVEN Hotels Holiday Inn Holiday Inn Express Staybridge Suites Candlewood Suites and Kimpton Hotels & Restaurant. The Company operates through four geographical regions: Americas Europe Asia Middle East and Africa and Greater China.

InterContinental Hotels Group PLC (ADR)

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