Diageo: Stifel prefers stock to Pernod Ricard

(CercleFinance.com) - In a sector report, Stifel says that it prefers Diageo ("buy" rating, TP: 4100 pence) over Pernod Ricard ("hold" rating, TP; E202) amongst spirits companies.


In the British group the broker sees "the most defensive and diversified name" in its coverage, with brands ranking either first or second in each spirits category.

Stifel expects Diageo's recent underperformance in the US relative to its French peer to fizzle out: "Diageo will likely remain a place to "hide" if market conditions deteriorate," i.e. a defensive stock, it adds.


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