Yandex (YNDX +3.9%) rebounds a bit from yesterday's post-earnings drubbing after JPMorgan comes...

|About: Yandex N.V. (YNDX)|By:, SA News Editor

Yandex (YNDX +3.9%) rebounds a bit from yesterday's post-earnings drubbing after JPMorgan comes to its defense. While calling the Russian search leader's guidance "mildly disappointing," JPM argues "the fundamental story continues to look sound on growth, corporate governance, execution and FCF generation." It also sees potential for Yandex to produce "extra returns" from its ~$1B cash pile. (Q4 results) (CC transcript)