Vodafone: Credit Suisse cuts target but still a buyer

(CercleFinance.com) - On Thursday morning a Credit Suisse analyst confirmed an "Outperform" recommendation on the Vodafone share, considering the "Investment story changing but still attractive".


In the current context, however, Credit Suisse has cut its target price for the share from 190 pence to 170 pence.

"We expect Vodafone's organic FCF generation to remain resilient through the current global downturn," the broker said.


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