0944 GMT - Crowne Plaza and Holiday Inn owner InterContinental Hotels Group is a quality business benefiting from superior earnings visibility, JPMorgan analysts write. IHG has a defensive business model compared with other European hotels and has made progress in net growth in available rooms, they add. The analysts raised their rating on the stock to overweight from underweight and target price to 10.40 pounds from 8.50 pounds. IHG's stock has underperformed this year at 15% lower than the MSCI Leisure index, due to its U.S. exposure, currency effects and weaker revenue per available room, they say. However, the analysts expect this to turn around as revenue per available room expectations have now been revised. Shares are up 2.8% at 9.03 pounds, leading the FTSE 100 index risers. (aimee.look@wsj.com)

(END) Dow Jones Newswires

September 26, 2025 05:44 ET (09:44 GMT)

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