GS European Express

This report provides daily equity research highlights covering InterContinental Hotels Group, Auto1 Group, Berkeley Group, and Argenx. It also features macroeconomic analysis on rising bond yields and global corporate access event schedules.

Key Takeaways

• 1.InterContinental Hotels Group (IHG) re-rated with PT increase of 14% on improved net unit growth outlook.
• 2.Auto1 Group is expected to show positive momentum from upcoming Virtual CMD, with high-frequency data suggesting market share gains.
• 3.Berkeley Group faces medium-term headwinds in London housing, leading to a downgrade in volume and pricing forecasts.

Table of Contents

• GS EUROPEAN EXPRESS
• Europe Rating Changes
• Europe PT Changes (10% or more)
• Europe EPS Changes (10% or more)
• Other notable research
• TMT
• Podcasts
• Macro / markets
• Global
• Upcoming Webinars
• Corporate Access over the next 3 months
• Disclosure Appendix