Morgan Stanley Downgrades Diageo to Underweight
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Sarah Simon has downgraded Diageo (NYSE:DEO) from Equal-Weight to Underweight.
July 20, 2023 | 9:33 am
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NEGATIVE IMPACT
Diageo's stock rating has been downgraded from Equal-Weight to Underweight by Morgan Stanley, which could negatively impact the stock's performance.
Analyst ratings often influence investor sentiment and can impact a stock's price. A downgrade from Equal-Weight to Underweight suggests that the analyst believes the stock will underperform compared to other stocks, which could lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100