Tag Archives: JVs

Yandex (YNDX) Expands Ownership in Uber JVs

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. Morgan Stanley analyst Luke Holbrook reiterated an Overweight rating and $90.00 price target on Yandex (NASDAQ: YNDX) after the company bolstered its stake in the Uber JVs with a $1bn deal, resulting in Yandex owning 100% of the SDG, Yandex.Eats, Lavka and Delivery, plus 4.5% of the MLU JV (ride-hailing). The analyst stated “We think the market will view a further option to… Source link

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