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Fly News Breaks for August 10, 2017
MMYT
Aug 10, 2017 | 07:43 EDT
Jefferies analyst Arya Sen downgraded MakeMyTrip to Hold saying the company's incremental promotion spend has been consistently exceeding net revenue growth in recent quarters. The analyst expects better share entry points to emerge. Sen raised MakeMyTrip's price target to $31.50 from $19.80 following the company's Q1 results.
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