BofA analyst Sachin Salgaonkar raised the firm’s price target on MakeMyTrip (MMYT) to $130 from $119 and keeps a Buy rating on the shares. The firm’s channel checks indicate that the normal strong seasonality trends have played out in Q3 for the industry and BofA expects MakeMyTrip to report “a strong set of numbers in the seasonally strong” quarter, the analyst tells investors.
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