MakeMyTrip price target raised to $125 from $120 at Citi

Citi raised the firm’s price target on MakeMyTrip (MMYT) to $125 from $120 and keeps a Buy rating on the shares following the “solidly in-line” Q4 report. The company signaled confidence in retaining the growth pace over the medium-term, while calling out headwinds to Q1 from the geopolitical developments of the past three weeks, the analyst tells investors in a research note. The firm believes the geopolitical impact should be short-lived and says MakeMyTrip is one of its “key internet picks.”