LEMONTREE
CLSA ON LEMON TREE : 17.06.2021
* MAINTAIN BUY TARGET: 50
* CLSA retains Buy call on Lemon Tree as it finds co well positioned due to its strong midmarket brand
* Cut FY22-23 Earnings Estimates Due To Extended ADR Recovery
* Well Positioned Due To Its Strong Midmarket Brand
* Have A Strong Presence In Tier-1 Cities
LEMONTREE
