Whitbread offers ‘scope for upgrades' - broker

Premier Inn-owner Whitbread PLC (LSE:WTB) could grace investors with upgrades in its Thursday, 11 January third-quarter update, according to Peel Hunt analysts. “As demand remains high and cost inflation is abating, we believe there is scope for upgrades,” analysts wrote in a note. Given the hotel operator is still making market share gains and has a strong balance sheet to underpin long-term growth plans, Whitbread is well positioned, the bank said. Peel Hunt sees Whitbread shares topping 4,000p in the com ...