Re-iterating our positive stance: Following the robust Q1 update (21-Jun),
Premier Inn's FD participation at our conference (28-Jun), STR briefing (29-Jun) and Costa site visit with CFO & Costa UK MD (30-Jun), we maintain an OP rating on Whitbread with 23% potential upside to our 4870p target price.
Full note attached
--> I have been pushing a long AC & WTB vs short IHG few weeks ago, still make sens.