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Fly News Breaks for July 14, 2017
YNDX
Jul 14, 2017 | 06:33 EDT
Deutsche Bank analyst Lloyd Walmsley sees further upside in shares of Yandex even after yesterday's post-Uber joint venture rally. The Uber deal should strengthen Yandex's competitive positioning and profitability, Walmsley tells investors in a research note. Further, the analyst sees the company as a "scarcity play on ride sharing that can help expand the shareholder base. He raised his price target for Yandex to $38 from $35 and reiterates a Buy rating on the shares.
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