Evercore ISI Sticks to Its Buy Rating for Diageo (DGEAF)
Evercore ISI analyst Robert Ottenstein maintained a Buy rating on Diageo today and set a price target of £20.00.
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Ottenstein covers the Consumer Defensive sector, focusing on stocks such as Anheuser-Busch Inbev Sa, Diageo, and Coca Cola HBC. According to TipRanks, Ottenstein has an average return of -0.2% and a 48.21% success rate on recommended stocks.
In addition to Evercore ISI, Diageo also received a Buy from Berenberg Bank’s Javier Gonzalez Lastra in a report issued yesterday. However, on the same day, UBS downgraded Diageo (Other OTC: DGEAF) to a Hold.
Based on Diageo’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p9.42 billion and a net profit of p422.6 million. In comparison, last year the company earned a revenue of p9.31 billion and had a net profit of p1.66 billion
Read More on DGEAF:
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- Diageo downgraded to Neutral from Buy at UBS
- Diageo price target lowered to 1,790 GBp from 1,840 GBp at Deutsche Bank
- Diageo Announces Sterling Equivalent of Final Dividend
- Diageo Implements Share Incentive Plan for Key Executives
- Strategic Leadership and Valuation Advantage Underpin Diageo’s Buy Rating
