Diageo splits analysts as ‘peak pessimism' hits with tariff threat
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Diageo PLC has divided analysts after removing medium-term guidance and highlighting potential impacts from US tariffs against Canada and Mexico. Deutsche Bank issued a 'sell' rating, noting slower-than-expected declines in sales and profit.
February 05, 2025 | 1:15 pm
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Diageo PLC has removed its medium-term guidance and warned of potential impacts from US tariffs against Canada and Mexico. Deutsche Bank has issued a 'sell' rating, citing slower-than-expected declines in sales and profit.
The removal of medium-term guidance and the warning about US tariffs create uncertainty for Diageo's future performance. Deutsche Bank's 'sell' rating further pressures the stock, indicating a negative short-term outlook.
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