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Fly News Breaks for April 4, 2017
YNDX
Apr 4, 2017 | 16:46 EDT
Goldman analyst Vyacheslav Degtyarev called Yandex his top pick in Russian Internet, and said he expects further outperformance in 2017. Degtyarev does not believe the market fully reflects solid ad growth momentum in Russia, the declining cost of capital, the strengthening ruble, or hidden value in verticals. Degtyarev reiterated his Buy rating on Yandex, which is in Goldman's CEEMEA Focus List, and raised his price target to $29.60 from $28.70.
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