Berenberg upgraded Vodafone (VOD) to Buy from Hold with a price target of 119 GBp, up from 82 GBp. Following the “strong” fiscal Q2 report, the analyst believes Vodafone can deliver sustainable free cash flow and dividend growth in the coming years. The company has “substantial future capacity for value-creation opportunities, with an increasingly robust balance sheet,” the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VOD:
- Vodafone upgraded to Overweight from Equal Weight at Barclays
- Vodafone price target raised to 71 GBp from 62 GBp at JPMorgan
- Kyndryl announces three-year partnership with Vodafone Idea
- Vodafone’s Earnings Call Highlights Growth and Challenges
- Vodafone’s Hold Rating Amid Competitive Pressures and Market Challenges