Kyivstar initiated with a Buy at Rothschild & Co Redburn

Rothschild & Co Redburn initiated coverage of Kyivstar (KYIV) with a Buy rating and $15.30 price target The firm says that if Ukraine emerges from the war with its sovereignty intact, Kyivstar offers a potentially cheap way to play the required widespread reconstruction. For investors expecting peace, Kyivstar’s leading market position, high margins, healthy cash generation and digital service strategy offer profitable growth, the analyst tells investors in a research note.