Jefferies Upgrades InterContinental Hotels To Hold

Analysts at Jefferies upgraded InterContinental Hotels Group plc IHG from Underperform to Hold. InterContinental Hotels shares have gained 12.74% over the past 52 weeks, while the S&P 500 index has surged 11.20% in the same period. InterContinental Hotels' shares rose 1.40% to $40.44 in pre-market trading.