MakeMyTrip price target raised to $100 from $95 at BofA

BofA analyst Sachin Salgaonkar raised the firm’s price target on MakeMyTrip to $100 from $95 and keeps a Buy rating on the shares. Q1 revenues at $243.7M came in-line with BofA estimates, but EBITDA/EBIT beat its estimates by 4%-6% led by superior operating leverage, the analyst tells investors in a post-earnings note.