Market Overview

UPDATE: Morgan Stanley Downgrades MakeMyTrip Limited to Equal-Weight, Lowers PT

Share:
Related MMYT
Tiger Global Buys Alibaba, Boosts GoPro & Liquidates Zynga In Q4
Benzinga's Top Upgrades

In a report published Wednesday, Morgan Stanley downgraded its rating on MakeMyTrip Limited (NASDAQ: MMYT) from Overweight to Equal-Weight, and lowered its price target from $20.00 to $14.00.

Morgan Stanley noted, “We believe MMYT has a strong long-term value proposition for the India market. Turbulence in the air segment (75% of revs) is likely to remain near term, with limited triggers for improvement. We are moving to EW and would wait for the operating environment to normalize in the air travel industry.”

MakeMyTrip Limited closed on Tuesday at $12.58.

Latest Ratings for MMYT

DateFirmActionFromTo
Jan 2015Deutsche BankMaintainsBuy
Jan 2015JefferiesMaintainsBuy
Oct 2014OppenheimerMaintainsOutperform

View More Analyst Ratings for MMYT
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Analyst Ratings

 

Related Articles (MMYT)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content