Vodafone Might Benefit from Renewed Investor Interest, Potential Near-Term Upgrade
Dow Jones
Yesterday
0730 GMT - Vodafone Group could benefit from several potential positive factors, Citi's Carl Murdock-Smith writes in a note. These include renewed investor enthusiasm following French billionaire Xavier Niel's investment--specifically if he were to increase his stake or seek board representation--as well as the possibility of an upgrade to short-term guidance, he says. "While some investors may be inclined to turn cautious following Vodafone's recent share price rally, we remain neutral rather than turning more defensive," he adds. However, some concerns remain related to the company's German segment, he says. Shares are down 0.3% at 1.30 pounds.
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