Benchmark raised the firm’s price target on Veon (VEON) to $56 from $48 and keeps a Buy rating on the shares. The firm continues to view the now Dubai headquartered company as “a top frontier markets mobile play” and regards any interim settlement in the Ukrainian conflict as a likely positive for Veon and its Ukrainian Kyivstar business, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VEON:
- VEON’s Strategic Positioning in Frontier Markets: A Buy Rating by Matthew Harrigan
- VEON Strengthens Leadership with Strategic Appointments
- Veon appoints new members to Group Executive Committee
- VEON to List Kyivstar on Nasdaq, Opening U.S. Markets to Ukrainian Growth
- Veon to list Kyivstar on Nasdaq, signs LOI with Cohen Circle