Vodafone: Morgan Stanley says 'Overweight'

(CercleFinance.com) - Morgan Stanley resumes coverage of the Vodafone share with an "Overweight" rating and target price of 210 pence; "We see revenue growth rates improving, and a clear de-leveraging profile.
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"Towers remain a positive sector theme, with positive valuation impact," the broker adds, having updated its forecasts for the British telecom operator post Q1, while integrating Liberty assets.


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