HSBC downgraded Diageo (DEO) to Hold from Buy with an 1,800 GBp price target The firm cites uncertainty over when the company’s U.S. volumes will bottom for the downgrade. Diageo lowered its fiscal 2026 guidance to reflect a weaker than expected U.S. spirits category, a weaker consumer in China, and challenges in Chinese white spirits, the analyst tells investors in a research note.
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