Jefferies Reiterates Buy Rating on IHG
Jefferies maintains its buy rating on IHG, setting a $195 price target, a 11.99% upside from the current price.
Key Points
- Jefferies reiterated its buy rating on IHG, setting a price target at $195 on June 26, 2026.
- Jefferies's $195 price target implies 11.99% upside from InterContinental Hotels Group PLC's ($IHG) current $174.13 share price.
- Shares of IHG traded at $174.13 on Friday, reflecting market sentiment following the analyst's update.
- FMR LLC decreased its IHG holdings by 296,277 shares, while Morgan Stanley increased its stake by 49,864 shares.
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Jefferies reiterated its buy rating on IHG, setting a price target of $195 on June 26, 2026. Analyst Jaina Mistry maintained the positive outlook for the company, suggesting confidence in IHG's future performance.
Jefferies vs. the S&P 500
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Other Institutional Activity in IHG
FMR LLC reduced its holdings in IHG by 296,277 shares, bringing its total to about 6,037,396 shares valued at approximately $805.8 million. Morgan Stanley, on the other hand, increased its position by 49,864 shares, ending with 813,913 shares worth around $108.6 million. Goldman Sachs Group Inc. trimmed its stake by 8,866 shares to 701,255 shares, valued at $93.6 million. Meanwhile, Natixis Advisors, LLC added 31,164 shares, bringing its total to 496,911 shares valued at $66.3 million. Bank of America Corp /DE/ decreased its holdings by 20,500 shares, now holding 490,050 shares worth about $65.4 million. Notably, Jones Financial Companies LLLP significantly increased its position by 465,462 shares, now holding 467,825 shares valued at $60.6 million.
Analysts Set New Price Targets
On June 26, 2026, Jefferies maintained its buy rating on IHG with a price target of $195. Previously, on May 15, 2026, Bernstein maintained a hold rating with a $154 target. These ratings reflect differing perspectives on IHG's potential.
Bottom Line
Jefferies' reaffirmation of its buy rating on IHG with a $195 target highlights confidence in the company's future prospects. Institutional activity shows mixed movements, with some large investors adjusting their positions. As always, remember that analyst ratings are based on past performance and future projections, and should be considered alongside other factors.
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