Barclays Lowers Vodafone to Equal Weight, Cites Ongoing Weakness in German Business
Barclays has downgraded Vodafone Group Plc from Overweight to Equal Weight and trimmed its price target to 110 pence from 120 pence. The move reflects continued deterioration in Vodafone's largest market, Germany, where customer losses, falling ARPU and negative broadband additions have pressured EBITDA. While group revenues marginally outperformed…