Goldman Sachs downgraded Vodafone (VOD) to Neutral from Buy with a $10.45 price target The firm says that at it waits for an inflection in German growth has extended, its confidence has reduced in the scope for Vodafone Germany to support in-line-to-above-sector-average growth and returns improvement. The asset’s recent weak delivery disappointed, the analyst tells investors in a research note. Goldman’s confidence in Vodafone’s German growth engine has reduced.
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