JP Morgan Downgrades Diageo to Neutral
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Celine Pannuti has downgraded Diageo (NYSE:DEO) from Overweight to Neutral, indicating a shift in the bank's outlook on the stock.

November 29, 2023 | 10:02 am
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NEGATIVE IMPACT
Diageo was downgraded by JP Morgan from Overweight to Neutral, which may lead to a negative perception among investors and could impact the stock's performance in the short term.
Analyst ratings often influence investor sentiment and can lead to price movements. A downgrade from Overweight to Neutral suggests that JP Morgan sees less upside potential or higher risks associated with Diageo's stock, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100