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Goldman Sachs cuts IndiGo's price target amid profit concerns from oil volatility and Middle East disruptions.
Goldman Sachs lowered its price target for InterGlobe Aviation, parent of IndiGo, to ₹5,200 from ₹6,000, citing near-zero profits for fiscal 2027 due to volatile oil prices, rising fuel costs, and travel disruptions from Middle East conflicts.
The firm cut EBITDAR and earnings forecasts, downgraded international capacity expectations, and maintained a 'buy' rating, noting near-term volatility but long-term potential.
IndiGo’s stock has dropped 20% in a month, 30% in six months, and 20% over the past year.
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Goldman Sachs recorta el precio objetivo de IndiGo en medio de preocupaciones por las ganancias por la volatilidad del petróleo y las interrupciones en Oriente Medio.