Diageo: Stifel lowers target price

(CercleFinance.com) - Stifel reiterates its "buy" recommendation on Diageo, with a price target lowered from 4,100 to 3,600 pence, in the wake of last Friday's profit warning by the British spirits group and ahead of its November 15 investor day.


"Sector lacks short-term catalysts as industry transitions", notes the broker, adding however that "Comps are easing (2H24)" and that "valuation is undemanding".


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