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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
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Share Price: 75.62
Bid: 75.58
Ask: 75.62
Change: 0.84 (1.12%)
Spread: 0.04 (0.053%)
Open: 74.90
High: 75.90
Low: 74.52
Prev. Close: 74.78
VOD Live PriceLast checked at -

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MARKET TALK: Goldman Sachs Raises Vodafone Target Price

Mon, 26th Jul 2010 10:45

0945 GMT [Dow Jones] Goldman Sachs raises Vodafone Group (VOD.LN) to 160p from 155p, after the company "reported slightly better than expected 1Q FY11 revenues." Goldman has a neutral rating on the stock and continues to believe that the stock's recent outperformance (driven mostly by multiple expansion rather than earnings momentum) has fully reflected the group's return to revenue stability. "We see the potential for modest incremental upside from a variety of corporate catalysts, including payment of dividends from Verizon Wireless and a variety of possible asset sales (likely to begin before year-end), which if used to buy back stock would be highly accretive," adds Goldman. Shares +0.5% at 151p. (ishaq.siddiqi@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 26, 2010 05:45 ET (09:45 GMT)
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