Boeing to UBS Help Luxoft Lessen Country Risks: Russia Overnight - Bloomberg:
"Luxoft Holding Inc. (LXFT), the software development unit of Moscow-based IBS Group Holding Ltd., rallied to the highest level in five months in New York on prospects the company will benefit from revenue outside of Russia.
The company, whose clients include Boeing Co. and UBS AG, has more than doubled since its June debut, climbing 12 percent to $37.70 last week. The advance sent valuations to 20 times estimated earnings, surpassing the average multiple of 6.7 for the average company on the Bloomberg-Russia-US Equity Index. The gauge of the most-traded Russian stocks in the U.S. posted a fifth weekly decline. RTS index futures rose 0.3 percent to 145,090 in U.S. hours."
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