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IndiGo shares fall 3% after UBS cuts target price. What are analysts worried about?

Shares of InterGlobe Aviation, parent of IndiGo, fell after UBS cut its target price to Rs 5,480 while retaining a Buy rating. The brokerage warned that ongoing geopolitical tensions, higher crude prices and a weaker rupee could hurt airline capacity and earnings in the near to medium term.

Source :- Markets-Economic Times Read More

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