Citi Lowers MakeMyTrip (MMYT) Price Target to $96, Maintains Buy

We recently published an article titled 10 Best Cruise Stocks to Buy Right Now. On January 21, Citi lowered its price target on MakeMyTrip Limited (NASDAQ:MMYT) to $96 from $108 while maintaining a Buy rating following the company’s third-quarter results. Although estimates were revised to reflect more conservative margin assumptions, the firm characterized underlying growth as solid, given a challenging operating environment, and views the current valuation as attractive. In the same quarter, MakeMyTri ...