Kyivstar initiated with a Buy at BTIG

BTIG initiated coverage of Kyivstar (KYIV) with a Buy rating and $17 price target Kyivstar’s market-leading mobile business delivers resilient, high-margin earnings and “boasts a rock-solid balance sheet,” making the current valuation of the the only U.S.-listed Ukrainian company “deeply attractive” despite geopolitical headwinds, the analyst tells investors.