RBC Capital upgraded Diageo to Sector Perform from Underperform with a price target of 2,400 GBp, up from 2,100 GBp. With a new CFO joining imminently, Diageo has the opportunity to reset expectations based on a future as a conventional staples business, the analyst tells investors in a research note. The firm says this should involve “kitchen-sinking revenue and profit guidance, a pre-requisite of repairing investor confidence.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DEO:
- Diageo price target lowered to 2,900 GBp from 3,360 GBp at Barclays
- Diageo price target lowered to 2,900 GBp from 3,000 GBp at Citi
- Diageo price target lowered to 2,100 GBp from 2,500 GBp at RBC Capital
- Diageo price target lowered to 2,000 GBp from 2,300 GBp at Deutsche Bank
- Diageo reports 2H reported net sales $20.3B, down 1.4% vs. $20.56B last year