Lehman Brothers cut its rating on mobile-phone giant Vodafone Group to equal-weight from overweight on Thursday, saying that weakening fundamentals haven't allowed a share re-rating despite many positive catalysts materializing over the past six months.
"Visibility for European mobile remains limited and we struggle to identify a strong enough list of positive potential catalysts to allow out-performance of Vodafone in a sector context," the bank said.
-Sarah Turner; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires "
Posted to the site on 7th September 2006
Posted to: www.cellular-news.com/story/19206.php