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Citi ups Vodafone target, places on ‘negative catalyst watch’

Citi raised the firm’s price target on Vodafone (VOD) to 85 GBp from 75 GBp and keeps a Neutral rating on the shares. Citi also placed Vodafone on a “90-day negative catalyst watch” into the first half results, saying the German and UK telecoms markets remain challenging.

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