InterContinental downgraded to

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StickyRice
2022-09-18

InterContinental downgraded to Sell from Neutral at Citi

Citi analyst Leo Carrington downgraded InterContinental Hotels $InterContinental Hotels Group PLC(IHG)$to Sell from Neutral.

Hotel construction pipelines have fallen 9% versus 2019, and further weakening will weigh on sentiment, while competition for conversions is "rigorous," Carrington tells investors.

The analyst sees InterContinental's valuation as "exposed" with only an 11% derating versus 2019.

# 💰Stocks to watch today?(16 October）

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NinaEmmie
·2022-09-18
This is really not a good signal. I think its share price will fall rapidly on the next trading day.
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Aqa
·2022-11-02
Thanks for sharing. Are u a member and have the share?
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IrmaBurke
·2022-09-18
It can only be said that the COVID-19 pandemic has hit the hotel industry too hard.
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supermum
·2022-09-18
Ok
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limtk
·2022-09-18
Tq
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I think its share price will fall rapidly on the next trading day.","text":"This is really not a good signal. I think its share price will fall rapidly on the next trading day.","html":"This is really not a good signal. I think its share price will fall rapidly on the next trading day.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":104622481,"commentId":"104622481","gmtCreate":1667358402476,"gmtModify":1667358415522,"authorId":4091884160412060,"author":{"id":4091884160412060,"idStr":"4091884160412060","authorId":4091884160412060,"name":"Aqa","avatar":"https://community-static.tradeup.com/news/4a899a6e247bc68815d3a2da3b82a81a","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":11,"crmLevelSwitch":1,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":9937461397,"objectIdStr":"9937461397","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Thanks for sharing. Are u a member and have the share?","text":"Thanks for sharing. Are u a member and have the share?","html":"Thanks for sharing. 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