Bernstein Downgrades InterContinental Hotels to Underperform
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Richard Clarke downgrades InterContinental Hotels (NYSE:IHG) from Market Perform to Underperform, indicating a negative outlook on the stock.
March 13, 2024 | 11:58 am
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InterContinental Hotels downgraded from Market Perform to Underperform by Bernstein analyst Richard Clarke.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they reflect a bearish outlook. Given the downgrade is from Market Perform to Underperform, it suggests significant concerns about the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100