JPMorgan Resumes Yandex (YNDX) at Overweight

JPMorgan resumes coverage on Yandex (NASDAQ: YNDX) with a Overweight rating and a price target of $47.00.

Analyst Alexei Gogolev comes back to the name with a positive outlook noting the strength in taxi and food delivery. The analyst also notes that some cost synergies could generate opportunities that may generate LT EPS growth.

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 $36.98 yesterday.

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