Jefferies Maintains a 'Buy' on Yandex (YNDX); Taking A Longer-Term Approach

May 30, 2012 8:29 AM EDT Send to a Friend
Get Alerts YNDX Hot Sheet
Price: $26.14 -4.67%

Rating Summary:
    12 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 28 | New: 24
Trade YNDX Now!
Join SI Premium – FREE
Jefferies maintains a 'Buy' on Yandex (NASDAQ: YNDX) price target lowered from $40 to $35.

Analyst, David Reynolds, said, "The Short Run - Yandex looks more stressed, the stock overhang, gross margin pressure and the emergence of an alternative way to play Russia Internet creates a pause for thought."

"The long run - we remain fundamentally attracted to Yandex, a focus on the increasingly critical functionality of search together with a geographic centre of gravity in Russia, a digital economy that continues to be increasingly attractive."

For an analyst ratings summary and ratings history on Yandex click here. For more ratings news on Yandex click here.

Shares of Yandex closed at $21.05 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment