BofA/Merrill Lynch Downgrades Vodafone (VOD) to Neutral
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Price: $16.20 --0%
Rating Summary:
17 Buy, 5 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 10 | New: 23
Rating Summary:
17 Buy, 5 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 10 | New: 23
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BofA/Merrill Lynch analyst David Wright downgraded Vodafone (NASDAQ: VOD) from Buy to Neutral.
The analyst steps aside citing too many headwinds which make it difficult to remain positive. He says NT catalysts are negative and EBITDA guidance is at risk. The analyst fears management is overvaluing and over distributing.
For an analyst ratings summary and ratings history on Vodafone click here. For more ratings news on Vodafone click here.
Shares of Vodafone closed at $22.98 yesterday.
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