Yandex (YNDX -1.2%) receives positive initial coverage from recent IPO underwriters Piper,...


Yandex (YNDX -1.2%) receives positive initial coverage from recent IPO underwriters Piper, Morgan Stanley, Deutsche, Oppenheimer and Pacific Crest with price targets ranging from $40-$45. Goldman stands as the lone dissenter, saying it doesn't like the wide premium, and sets a Neutral rating with a target of $36.

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