Deutsche Bank upgraded Diageo (DEO) to Buy from Hold with a price target of 1,650 GBp, down from 1,790 GBp, suggesting 20% upside. The firm believes the estimate reset is already reflected in the share price. Diageo can invest in price, marketing, and innovation, leaving it better able to deliver “predictable profitable growth that investors value highly,” the analyst tells investors in a research note.
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Read More on DEO:
- Diageo upgraded to Neutral from Underperform at BNP Paribas
- Diageo files automatic mixed securities shelf
- Balanced Risk-Reward at Diageo: Dividend Cut, Strategic Reset, and Awaiting Greater Visibility Under New Leadership
- Diageo downgraded to Hold from Buy at HSBC
- Diageo price target lowered to 1,800 GBp from 2,000 GBp at JPMorgan