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Fly News Breaks for September 12, 2019
IHG
Sep 12, 2019 | 04:53 EDT
JPMorgan analyst Borja Olcese downgraded InterContinental Hotels Group to Neutral from Overweight with a price target of 47 pounds, up from 43.50 pounds. The analyst is more cautious on the risk/reward profiles in the European hotel space, saying the companies lack momentum and catalysts amid an uncertain macro environment.
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