Diageo: UBS raises target price

(CercleFinance.com) - UBS maintains its buy rating on the shares of British spirits group Diageo, having increased its target price for them from 3,600 pence to 3,800 pence, with this new target price representing upside potential of 10% for the 's stock.


The broker explains that it has increased its forecasts for the United States and emerging markets, an update which is however, partly offset by the recent strength of the pound sterling. The analyst says that we should expect a strong end to FY 2021, with a "premium" fiscal year in 2022.


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