Diageo: Morgan Stanley maintains 'overweight' rating
(CercleFinance.com) - Morgan Stanley has reiterates its "overweight" recommendation and maintains its target price of 3200 pence for the Diageo share, based on the group's earnings growth potential and a valuation that is considered "convincing" for the British spirits giant.
After losing market share for seven years, the broker expects that fiscal year 2019 will be one when Diageo can outperform and win share in its largest market (around 50% of the group's operating profit), the broker said, referring to the United States.
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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.
After losing market share for seven years, the broker expects that fiscal year 2019 will be one when Diageo can outperform and win share in its largest market (around 50% of the group's operating profit), the broker said, referring to the United States.
Copyright (c) 2018 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.