The Fly

Diageo price target lowered to 4,500 GBp from 4,800 GBp at HSBC

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.

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