Kyivstar initiated with a Buy at New Street

New Street initiated coverage of Kyivstar (KYIV) with a Buy rating and $16 price target Kyivstar is the “leading” mobile and broadband operator in Ukraine, notes the analyst, who believes Kyivstar is executing well on the transition to a digital-first business model. While acknowledging many uncertainties given the situation in Ukraine, the firm believes the stock seems “undervalued,” the analyst added.