Broker Tips
Broker tips: IHG, Ashmore, Trainline, IWG
Peel Hunt has cut both earnings forecasts and its rating on InterContinental Hotels Group, as the Covid-19 pandemic continues to undermine the international hospitality sector.
Monday broker round-up
Intercontinental Hotels Group: Peel Hunt downgrades to hold with a target price of 4,300p.
Peel Hunt cuts earnings forecasts for IHG as 'tough winter' nears
Peel Hunt has cut both earnings forecasts and its rating on InterContinental Hotels Group, as the Covid-19 pandemic continues to undermine the international hospitality sector.
Canaccord Genuity nudges up price target on Ashmore
Analyst at Canaccord Genuity slightly raised their target price on investment management firm Ashmore Group from 243. 0p to 430. 0p on Monday after the company's recent trading update indicated a "continued slowdown" of net outflows.
IWG risk-reward 'too attractive to miss', says Berenberg
Berenberg upgraded its stance on shares of workspace provider IWG to ‘buy’ from ‘hold’ on Monday, lifting the price target to 350p from 260p as it said the risk/reward investment case is now skewed materially to the upside.
Deutsche Bank initiates coverage of Trainline at 'buy'
Deutsche Bank initiated coverage of Trainline on Monday with a ‘buy’ rating and 414p price target.