InterContinental Hotels Group PLC
IHG: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 2,648.00 | Twl | Htrlzdmg |
InterContinental Earnings: China Demand a Near-Term Blemish, but the Brand Edge Remains Stout
We don’t expect to meaningfully change our $97 and GBX 7,650 fair value estimates for InterContinental (other than for exchange-rate changes since our last update), as weaker near-term China demand is largely offset by the time value of money. We find shares valued appropriately and wouldn’t need much discount to recommend shares of this brand-advantaged company.