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Jefferies has cut IndiGo's target price to Rs 6,035 and reduced FY26-FY28 earnings estimates by 13-53% due to recent operational disruptions and higher costs. However, the brokerage maintains its "Buy" rating, citing IndiGo's market position, global expansion, and proven track record. The cut comes after IndiGo trimmed its near-term capacity and revenue guidance for the December quarter following flight disruptions.

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