MARKET TALK: Vodafone's Strategy Key - Sanford Bernstein

1000 GMT [Dow Jones] Sanford Bernstein says "the single most important comment in Vodafone's results was the statement that 'Vodafone will set out how we intend to accelerate our strategy to drive shareholder value'." Broker expects a "portfolio review and clearer commitment to change whether in the form of disposals or structural change." Vodafone (VOD.LN) confirmed guidance and outlook for the full year and delivered 1Q revenue of GBP11.26Bln, 0.7% ahead of consensus, says Sanford Bernstein, which has an outperform rating on Vodafone and 180p target price. Shares +0.4% at 150p. (lilly.vitorovich@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 23, 2010 06:00 ET (10:00 GMT)