Barclays raised the firm’s price target on Diageo (DEO) to 2,650 GBp from 2,470 GBp and keeps an Overweight rating on the shares. The firm believes growth of ride-hailing and robotaxi services in the United States could boost alcohol sales. The impact has the potential to be significant and come sooner than the market anticipates, the analyst tells investors in a research note.
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