JPMorgan's Neutral Rating on Diageo After Annual Results
Tuesday, 30 July 2024, 07:29
JPMorgan Downgrades Diageo
On July 30, 2024, JPMorgan announced its decision to assign a 'Neutral' rating to Diageo after the release of disappointing annual financial results. Analyst Celine Pannuti expressed concerns regarding the company's latest performance, resulting in a price target of 3200 Pence.
Key Takeaways
- Disappointing Results: Diageo's annual report did not meet market expectations.
- Price Target: The price target has been set at 3200 Pence.
- Investor Implications: Stakeholders are advised to reassess their positions regarding Diageo's future performance.
In conclusion, investors should stay informed and take these ratings into account as they consider their investment strategies related to Diageo.
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