0925 GMT [Dow Jones] Nomura nudges up Vodafone (VOD.LN) price target to 168p from 165p to reflect the positive CFC tax settlement. Notes the company's emerging market and US exposure have been a source of earnings upgrades rather than earnings risk this quarter, helping to offset the FX headwinds. However, says the outlook in Europe - the region most important for sentiment and where Vodafone's performance is below par - is clouded by an increasing sector-wide focus on market share, which is likely to intensify competition in Vodafone's main European markets. Keeps the stock at neutral. Shares +0.3% at 151p. (michele.maatouk@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 26, 2010 05:25 ET (09:25 GMT)