Oppenheimer Downgrades InterContinental Hotels Group (IHG) to Perform

June 4, 2008 8:09 AM EDT

Oppenheimer downgrades InterContinental Hotels Group (NYSE: IHG) from Outperform to Perform, citing slowdown in travel due to economic woes. Price target lowered to $19.

InterContinental Hotels Group PLC (IHG) is a worldwide owner, manager and franchisor of hotels and resorts.


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