tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Diageo upgraded to Neutral from Sell at Goldman Sachs

Goldman Sachs analyst Olivier Nicolai upgraded Diageo (DEO) to Neutral from Sell with a 2,000 GBp price target The firm sees limited downside risk in FY26, as new management steps up cost saving to support best-in-class margins and stabilize earnings, albeit visibility remains low an the outlook is based on a H2 recovery. Cost savings should support margins in FY26, although the top line needs to improve from FY27 for margin progression to continue, the analyst says, adding that the firm expects a positive step-up in free cash flow.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% 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>>

Disclaimer & DisclosureReport an Issue

1