Yandex (NASDAQ:YNDX) Hits New 1-Year Low Following Analyst Downgrade

Yandex (NASDAQ:YNDX)’s share price hit a new 52-week low during trading on Tuesday after Citigroup lowered their price target on the stock from $90.00 to $75.00. The company traded as low as $48.76 and last traded at $49.48, with a volume of 75828 shares. The stock had previously closed at $52.34.

A number of other equities research analysts have also recently commented on the company. HSBC raised Yandex from a “hold” rating to a “buy” rating and raised their price target for the company…


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