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Fly News Breaks for May 16, 2019
QIWI
May 16, 2019 | 08:02 EDT
JPMorgan analyst Alexei Gogolev upgraded Qiwi to Overweight from Neutral and raised his price target for the shares to $20 from $19. The company's Q1 results came in well ahead of consensus across the board, Gogolev tells investors in a research note. The analyst sees "strong" revenue trends, driven by "robust" volume dynamics within core verticals, and is encouraged by Qiwi's improving operating trends.
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