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BUZZ-InterContinental Hotels: Kepler Cheuvreux cut weighs

Reuters - UK Focus

** InterContinental Hotels (Frankfurt: IC1F.F - news) ' shares down 0.4 pct after Kepler Cheuvreux analysts cut rating to "reduce" from "hold", PT to 3023p from 3074p

** Analysts expect gradual slowing in revenue per available room (RevPAR) growth, add they see few catalysts in the short term

** Now (Frankfurt: 11N.F - news) expect LFL 2016 revPAR growth of 1.2 pct from 1.5 pct earlier

** Co reported slower growth in room rates in Q3 on Friday

** Stock falling in buoyant market, one of a handful of FTSE 100 stocks in the red and one of only two in negative territory on the Stoxx 600 Travel and Leisure Index (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)