Diageo: UBS double upgrades stock
(CercleFinance.com) - UBS has upgraded Diageo shares directly from 'sell' to 'buy', with a target price raised from 2,300 pence to 2,920 pence, now representing 19% upside potential for the British spirits giant's shares.
The broker expects Diageo's US spirits H1 sales to grow by 3.6%, compared with an expected 1% decline for the sector, and considers the growth drivers to be sustainable in H2.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The broker expects Diageo's US spirits H1 sales to grow by 3.6%, compared with an expected 1% decline for the sector, and considers the growth drivers to be sustainable in H2.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.