HSBC analyst Jeremy Fialko lowered the firm’s price target on Diageo to 4,500 GBp from 4,800 GBp and keeps a Buy rating on the shares. While Diageo’s U.S. sales missed forecasts, the underlying situation is better than the first half of 2023 figures suggest, the analyst tells investors in a research note. The firm says other regions are outperforming and the company has good momentum in the second half of the year.
Published first on TheFly
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Read More on DEO:
- Diageo upgraded to Outperform from Market Perform at Bernstein
- Diageo price target lowered to 3,600 GBp from 3,900 GBp at Morgan Stanley
- Diageo upgraded to Buy from Hold at Investec
- Diageo price target raised to 5,100 GBp from 5,010 GBp at Barclays
- Diageo price target lowered to 4,200 GBp from 4,500 GBp at Credit Suisse
