InterContinental Hotels Group PLC (ADR) (IHG) is Initiated by HSBC Securities to Reduce

InterContinental Hotels Group PLC (ADR) (IHG) was Initiated by HSBC Securities to “Reduce”. HSBC Securities advised their investors in a research report released on Sep 19, 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) was Downgraded by Goldman to ” Neutral” on Jun 22, 2016.

InterContinental Hotels Group PLC (ADR) closed down -0.49 points or -1.13% at $42.81 with 687,278 shares getting traded on Friday. Post opening the session at $42.61, the shares hit an intraday low of $42.57 and an intraday high of $42.96 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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