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UPDATE: Deutsche Bank Initiates Coverage On Qiwi

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In a research note released Monday, Deutsche Bank analyst Bob Kommers initiated coverage on Qiwi (NASDAQ: QIWI) with a buy rating and a $60 price target.

The analyst expects Qiwi to win and gain Russia's market share for its e-payment system. Qiwi is also benefiting from the transition from physical stores to online stores.

The company has also gained market share in the following categories: loan repayment, remittance and e-commerce market, and this should increase CAGR by 31 percent.

Shares traded recently at $43.60, up 3.6 percent.

Latest Ratings for QIWI

DateFirmActionFromTo
Jul 2014JP MorganMaintainsOverweight
Jul 2014Deutsche BankInitiates Coverage onBuy
May 2014Standpoint ResearchDowngradesBuyHold

View More Analyst Ratings for QIWI
View the Latest Analyst Ratings

Posted-In: Bob Kommers Deutsche BankAnalyst Color Price Target Initiation Analyst Ratings

 

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