Goldman Sachs Downgrades Diageo to Neutral, Lowers Price Target to $186.48
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Olivier Nicolai downgraded Diageo (NYSE:DEO) from Buy to Neutral and lowered the price target from $217.8 to $186.48.
June 15, 2023 | 9:08 am
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Goldman Sachs downgraded Diageo (NYSE:DEO) to Neutral and reduced the price target from $217.8 to $186.48.
The downgrade from Buy to Neutral by Goldman Sachs indicates a less optimistic outlook for Diageo's stock. The lowered price target from $217.8 to $186.48 suggests that the analyst believes the stock has limited upside potential. This news is likely to have a negative impact on DEO's stock price in the short term.
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