Vodafone Share News (VOD)

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0611 GMT [Dow Jones] ING downgrades Vodafone Group (VOD.LN) to hold from buy and cuts target price to 155p from 165p. "We do not expect the upcoming trading statement [due July 23] to be weak but have concerns about operational performance in Italy and Spain," says ING. It reckons that at current levels, Vodafone needs to deliver on its plans for value realization through some portfolio changes, but ING does not believe anything is imminent. "We are concerned about negative newsflow around developments in India, taxation, and spectrum. Lastly, we note that earnings momentum will not be helped by the weakness of the euro," adds ING. Shares closed Monday at 145p. (ishaq.siddiqi@dowjones.com) 0610 GMT [Dow Jones] Jefferies initiates coverage of London-listed specialist insurers with a positive view. Starts Amlin (AML.LN) and Lancashire Holdings (LRE.LN) at buy with 478p and 638p targets respectively; Catlin (CGL.LN) and Hiscox (HSX.LN) at hold with 406p and 371p targets respectively; and, lastly, Brit Insurance at underperform with a target of 804p. Does not agree with the general view that these stocks are volatile and potentially under-capitalized. Thinks the sector offers the potential for yields to reach double-digit levels. Has a preference for well-run, attractively valued stocks that can deliver through the soft cycle. These include Amlin and Lancashire. (andrea.tryphonides@dowjones.com) Contact us in London. +44-20-7842-9288 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 20, 2010 02:11 ET (06:11 GMT)