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InterContinental checks in

TIP UPDATE: InterContinental has produced a strong trading in its third quarter, but the future looks less certain
November 9, 2011

InterContinental Hotels has announced strong trading in the three months to the end of September, but there are signs that growth is slowing, which knocked the share price by 4 per cent to 1,073p.

IC TIP: Sell at 1053p

We advised selling the shares based on our wariness about the economic outlook moving into 2012 and the hotel operator's cyclical characteristics.