Diageo rallies as Guinness maker gets double upgrade from UBS
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Diageo PLC received a double upgrade from UBS, moving its rating from 'sell' to 'buy', due to expected strong growth in areas like Tequila. This led to a rise in its stock price.
December 12, 2024 | 10:15 am
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Diageo PLC's stock, listed as DEO in the US, received a double upgrade from UBS, moving from 'sell' to 'buy'. This is based on expected growth in areas like Tequila, leading to a rise in its stock price.
The double upgrade from UBS is a significant positive signal for investors, indicating confidence in Diageo's future growth, particularly in the Tequila segment. This is likely to attract more investors, driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90