Jefferies Maintains a 'Buy' on Yandex (YNDX); Taking A Longer-Term Approach
Tweet Send to a FriendGet Alerts YNDX Hot Sheet
Price: $27.04 -0.66%
Rating Summary:
11 Buy, 0 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
11 Buy, 0 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade YNDX Now!
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, with a 52 week range of $16.60-$39.67.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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, with a 52 week range of $16.60-$39.67.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- MKM Partners Lifts PT on KB Home (KBH) After Management Meetings
- Janney Capital Trims Numbers on Buckle (BKE), Margins Peaking
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
