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Here's why Citi downgraded IndiGo to 'Sell'

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Citi has downgraded InterGlobe Aviation (IndiGo) to 'Sell' but raised the target price from Rs 1,300 to Rs 1,400.

Citi has downgraded InterGlobe Aviation (IndiGo) to 'Sell' but raised the target price from Rs 1,300 to Rs 1,400.
IndiGo has lost a bit of market share recently. It peaked at 60 percent in July 2020 and has fallen to 55.5 percent in October. Therefore, Citi believes a lot of good news is already priced in and hence it has downgraded the stock.
Watch video for more details