- Vodafone Group Plc (NASDAQ:VOD) shares are trading higher on Thursday since it named a new CEO.
- Vodafone disclosed Margherita Della Valle as the company’s CEO following a rigorous internal and external search.
- Valle will also continue as the CFO until an external search for a new finance chief is complete.
- Vodafone’s shares consistently lost value for years, and it struggled to streamline the business and sell assets.
- The stock slid to two-decade lows after ousting previous CEO Nick Read in December.
- This week Vodafone’s biggest shareholder, Emirates Telecommunications Group Co, discussed revamping its board with the British telecom group.
- Price Action: VOD shares traded higher by 2.27% at $11.94 on the last check Thursday.
BMO Capital Maintains Market Perform on Adobe, Lowers Price Target to $345
BMO Capital analyst Keith Bachman maintains Adobe (NASDAQ:ADBE) with a Market Perform and lowers the price target from $435 to $345.
