InterContinental Hotels: Strong Q2 Outperformance Drives Modest Forecast Upgrades and 22% Upside on Conviction List
Tip Ranks·
- Goldman Sachs analyst Ben Andrews maintained a buy rating on InterContinental Hotels and set a price target of 190.00 dollars.
- The rating is supported by strong second quarter operational and financial performance, including a net system room growth of about 5% and better than expected RevPAR trends.
- Andrews modestly raised his forecasts, projecting RevPAR to grow by approximately 3.45% and fiscal year 2026 EPS to increase by about 14%.