Intercontinental: UBS raises target price
(CercleFinance.com) - The analyst believes that Q3 2023 sales figures are compatible with a reassuring outlook for the company.
Even so, UBS confirms its Neutral rating on the share, while raising its target price for it to 6,490 pence (from 6,080 pence).
"3Q23 delivered in line revpar vs UBSe, but encouraging pipeline development and outlook to the end of the year", the broker says.
It is therefore adjusting its target estimates after its Q3 2023 results.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Even so, UBS confirms its Neutral rating on the share, while raising its target price for it to 6,490 pence (from 6,080 pence).
"3Q23 delivered in line revpar vs UBSe, but encouraging pipeline development and outlook to the end of the year", the broker says.
It is therefore adjusting its target estimates after its Q3 2023 results.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.