ubs lowers vodafone target price to 70 pence amid weak trends

UBS has adjusted its target price for Vodafone, reducing it from 77 pence to 70 pence while keeping a "Neutral" rating.

Analyst Polo Tang made this revision after reviewing Vodafone's quarterly results, which revealed weaker performance trends in Germany.

These findings have raised concerns about the slow pace of business recovery in that region.

Vodafone's stock has been experiencing slight fluctuations across various exchanges.

On Tradegate, the recorded price is €0.8432, reflecting a modest increase of 0.07%.

Similar trends of minor gains and losses have been observed throughout the day on other trading venues such as Berlin and Munich.

The stock's annual high is €0.94, while the low is €0.75, indicating a range of performance over the year.

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