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IHG stock rises as Jefferies hikes price target and company buys back shares

Analyst Insights
26 Jun 2026
Gordon Thompson
View Source
Bullish
pluang ai news

Jefferies raised its price target for InterContinental Hotels Group (IHG) to $195, signaling an 11.99% potential upside from the current price of $174.13. IHG is actively buying back shares, having repurchased 20,000 shares on three consecutive days, aiming to reduce outstanding shares and increase shareholder value. The stock recently hit a 52-week high near $175.89, reflecting strong investor confidence amid these strategic moves. This combination of analyst optimism and share buybacks supports a positive outlook for IHG's future performance.

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