Bernstein analyst Richard Clarke raised the firm's price target on InterContinental (IHG) to $154 from $141 and keeps a Market Perform rating on the shares. Discussing the Global Hotels & Leisure space, the firm notes Q1 was dominated not by the impact of the Middle East but by the shape of the U.S. economy. Given the K shape of the U.S. economy and the remaining trajectory of 2026/2027, Bernstein remains most positive on Hyatt (H) and Marriott (MAR).
