- TD Cowen says U.S. alcohol volumes are stabilizing and highlights Diageo plc Sponsored ADR (DGE) as a buy candidate, trading near 14.5x forward earnings, below historical averages.
- Berneberg cut Diageo (DGE) target to 2,223p from 2,230p, a 7p reduction; Buy rating unchanged.
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Key facts: US alcohol volumes stable; Diageo near 14.5x, target 2,223p
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TD Cowen says U.S. alcohol volumes are stabilizing and highlights Diageo plc Sponsored ADR (DGE) as a buy candidate, trading near 14.5x forward earnings, below historical averages.