Vodafone: Credit Suisse cuts target but still a buyer
(CercleFinance.com) - On Thursday morning a Credit Suisse analyst confirmed an "Outperform" recommendation on the Vodafone share, considering the "Investment story changing but still attractive".
In the current context, however, Credit Suisse has cut its target price for the share from 190 pence to 170 pence.
"We expect Vodafone's organic FCF generation to remain resilient through the current global downturn," the broker said.
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In the current context, however, Credit Suisse has cut its target price for the share from 190 pence to 170 pence.
"We expect Vodafone's organic FCF generation to remain resilient through the current global downturn," the broker said.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.