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Fly News Breaks for September 5, 2017
YNDX
Sep 5, 2017 | 06:53 EDT
Deutsche Bank analyst Lloyd Walmsley says he remains bullish on Yandex and sees "multi-year upside potential" to both estimates and shares. The analyst sees upside from the company's new ad tech and monetization initiatives in core search, a stabilizing macro environment in Russia and Android search market share gains due to the FAS ruling. Walmsley has a Buy rating on Yandex with a $38 price target.
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