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Fly News Breaks for April 17, 2017
YNDX
Apr 17, 2017 | 10:40 EDT
JPMorgan analyst Alexei Gogolev views Yandex's (YNDX) settlement with Google (GOOG, GOOGL) relating to Android in Russia as a positive resolution. Yandex Android market share bottomed at 37% in Q4 partly due to competition from Google, Gogolev tells investors in a research note. He believes the settlement strengthens Yandex's investment case and keeps an Overweight rating on the name. The stock in early trading is up 6% to $24.12.
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