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Fly News Breaks for January 15, 2020
Jan 15, 2020 | 19:26 EDT
Goldman Sachs analyst Andrew Lee reinstated coverage of Vodafone with a Buy rating and 190 GBp price target. The analyst contends that the company offers superior returns and free cash flow to sales ratio relative to its sector average, which should drive the re-rating in the stock. Lee also points to Vodafone's superior ROIC improvement and faster deleveraging vs. the sector average.