Vodafone: Morgan Stanley still buyer after 'reassuring' call

(CercleFinance.com) - On Thursday an analyst at Morgan Stanley confirms buy (Overweight) rating on the Vodafone share, after a "reassuring" conference call with management.


"The CFO confirmed that Group top-line growth should be above +1.0% in Q4e (MSe: +1.2%), driven by sustained commercial momentum in the UK while Spain (ARPU accretion from Unlimited) & Italy (prepaid customer losses moderate and fixed/convergence) should improve," Morgan Stanley said.

Alongside this, the analyst confirms his target price of 215 pence for the share.


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