JPMorgan upgrades European hotel stocks Accor and Whitbread to "overweight" due to strong fundamentals

From Investing.com: 2024-11-29 08:10:25

JPMorgan analysts upgrade European hotel stocks, including Accor and Whitbread, to “overweight” from “neutral” due to strong fundamentals and relative undervaluation. Accor’s diversified presence and focus on high-end segments position it for growth, while Whitbread’s disciplined strategy and efficient cost management enhance profitability. InterContinental Hotels Group remains underweight due to high valuation. Travel demand resilience and positive macroeconomic trends suggest favorable stock performance ahead.



Read more at Investing.com: JPMorgan is bullish on European hotel stocks, upgrades 2 names By Investing.com