Analyst Upgrades Stock Raises Price Target

Diageo Upgraded to Sector Perform by RBC Capital Markets

Analyst Upgrades Stock, Raises Price Target

Royal Bank of Canada (RBC) Capital Markets has upgraded alcohol beverage giant Diageo PLC (DEO) to "sector perform" from "underperform" and lifted its price target to 2400p from 2100p.

Average Rating and Price Target Range

Diageo now carries an average rating of "hold" among analysts polled by Capital IQ. Price targets for the stock range from 113 to 175.

Conclusion

The upgrade by RBC Capital Markets reflects increased optimism about Diageo's prospects. The raised price target suggests that analysts believe the company's strong brands and global reach will continue to drive growth in the future. Investors will be watching closely to see if Diageo can meet the expectations set by this upgrade.