Jefferies Downgrades IndiGo to Rs 6,035, Citing Disruptions and Higher Costs
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TL;DR
Jefferies downgrades IndiGo's target price to Rs 6,035 and cuts earnings estimates due to operational disruptions and higher costs, but keeps a 'Buy' rating based on its market strength and expansion plans.
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Jefferies FinancialJefferiesIndiGotarget priceearnings estimatesoperational disruptions
Jefferies has cut IndiGo's target price to Rs 6,035 and reduced FY26-FY28 earnings estimates by 13-53% due to recent operational disruptions and higher costs. However, the brokerage maintains its "Buy" rating, citing IndiGo's market position, global expansion, and proven track record. The cut comes after IndiGo trimmed its near-term capacity and revenue guidance for the December quarter following flight disruptions.
