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Fly News Breaks for March 29, 2018
YNDX
Mar 29, 2018 | 08:00 EDT
Citi analyst Brady Martin upgraded Yandex to Buy from Neutral and raised his price target for the shares to RUR 2,900. The analyst updated his model to reflect the company's better than expected fiscal 2017 financials as well as the taxi transaction with Uber that closed in February. Martin notes that Yandex continues to increase share on both desktop and mobile.
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