US EditionHSBC Sees More Skies For IndiGo, Hikes Target Price
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HSBC Sees More Skies For IndiGo, Hikes Target Price
HSBC Global Research has raised its target price on InterGlobe Aviation Ltd., the parent company of IndiGo, to Rs 6,650 from Rs 5,975 previously, implying an upside of 21.3%. The brokerage has maintained its buy rating, noting that IndiGo’s “healthy strategy” could help it grab the winner’s crown.HSBC said IndiGo’s plausible network strategy, focused on expanding domestic routes beyond the competitive top-tier markets, is paying off. The airline…
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