Cantor starts Kyivstar with Overweight on Ukraine recovery exposure

Cantor Fitzgerald initiated coverage of Kyivstar (KYIV) with an Overweight rating and $17 price target Kyivstar is a leading Ukrainian telecommunication and digital operator offering global investors an opportunity to participate in the recovery of Ukraine, the analyst tells investors in a research note. The firm the company has a profitable growth model to reinvest in essential digital infrastructure assets. The shares are trading at a “distressed level: amid market volatility and geopolitical uncertainty, which offers a “compelling entry point,” contends Cantor.