FBR Capital Maintains an 'Outperform' on InterContinental Hotels Group (IHG); Maintaining PT as Strong U.S.Performance Offset by Global Events

FBR Capital maintains an 'Outperform' on InterContinental Hotels Group (NYSE: IHG), PT $26.

FBR analyst says, "Following 1Q results, we are raising our 2011 EPS estimate to $1.14 from $1.11 because of the 1Q earnings beat but maintaining our 2012 EPS estimate of $1.30. While 1Q results were better than expected mainly due to strong performance at the U.S.-based Holiday Inn and Express brands, this strength is offset by approximately a $15M–$20M impact on earnings from events in the Middle East and Japan."

For more ratings news on InterContinental Hotels Group click here and for the rating history of InterContinental Hotels Group click here.

Shares of InterContinental Hotels Group closed at $21.56 yesterday.

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