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Fly News Breaks for August 13, 2019
IHG
Aug 13, 2019 | 05:10 EDT
Berenberg analyst Stuart Gordon downgraded InterContinental Hotels Group to Hold from Buy with an unchanged price target of 5,300p. The stock is now trading close to fair value with its valuation multiples close to the upper end of the historical range, Gordon tells investors in a research note.
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