BUZZ-Vodafone rises after Barclays upgrades stock to 'overweight'

Reuters12-08
BUZZ-<a href="https://laohu8.com/S/VOD">Vodafone</a> rises after Barclays upgrades stock to 'overweight'

** Shares of Vodafone VOD.L up 2.1% at 95.9p

** Barclays upgrades stock to overweight from equal-weight, raises price target to 120p from 100p

** Barclays expects 2026 to be a turning point for Vodafone, with a renewed challenger mindset driving UK broadband growth and strengthening positions in Germany and Africa

** Co’s multi-brand strategy and disciplined cost control underpin a sustained growth trajectory; UK momentum and Africa’s double-digit growth remain key drivers - Barclays

** 7 of the 20 analysts covering the stock have a "buy" or higher rating, 7 have "hold", while 6 rate it "sell" or lower; median PT is 85p - LSEG data

** YTD, stock has risen 40%

(Reporting by Tuhina in Bengaluru)

((Tuhina@thomsonreuters.com )) ))

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