Vodafone: UBS still says buy, trims target price
(CercleFinance.com) - UBS has reaffirmed its "buy" recommendation on Vodafone, but has lowered its target price from 115p to 110p, with its new target price still representing upside potential of 16% for the mobile telecoms operator's stock.
Ahead of the UK group's Q4 earnings release (due on 16 May), the broker warns that trends in Germany may be mixed.
In its summary, UBS adds that M&A and simplification activity is likely to continue, and that the sustainability of its dividend will depend on Germany.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Ahead of the UK group's Q4 earnings release (due on 16 May), the broker warns that trends in Germany may be mixed.
In its summary, UBS adds that M&A and simplification activity is likely to continue, and that the sustainability of its dividend will depend on Germany.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.