Vodafone downgraded to Neutral from Buy at Davenport Davenport expects Vodafone to reported lower than expected revenue and earnings growth over the year due to the European recession and has concerns regarding its large investment in India. Price target lowered to $30 from $32.
Liberty Global to focus on growing in existing European markets, Reuters says Liberty Global (LBTYA) CEO Michael Fries told Germany's Handelsblatt that the company plans to focus on growing in its existing markets in Europe, Reuters reports, and that markets where the company is not active "do not interest us." Though Fries did not comment on talks with Vodafone (VOD), he said Liberty does not need to buy other companies to grow in the markets where it already operates. Reference Link