BofA cuts MakeMyTrip stock price target on Middle East war impact

Bank of America has lowered its price target for MakeMyTrip, citing the adverse effects of the ongoing conflict in the Middle East on travel demand. This adjustment reflects a shift in risk appetite among investors, as geopolitical tensions often lead to reduced consumer spending in affected regions. Travel and hospitality stocks, particularly those with significant exposure to the Middle East, are likely to be most impacted, as uncertainty can deter bookings and travel plans. Traders will be closely watching upcoming travel industry earnings reports for further indications of how the conflict is influencing market dynamics.

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