Diageo : Confirmed guidance and confidence in industry fundamentals ahead of AGM
>Outperform rating and 2,900p target price maintained - At this stage, we think the shift in momentum in the sector will come from the US and/or China, in which case renewed investor interest is set to be primarily focused on the stocks with the most exposure to these markets in terms of revenues. Which is why we prefer Diageo (5% and 40% of group sales generated in the US and China) to Pernod Ricard which continues to be exposed to these two markets but with only 30%...Diageo is a premium drinks business based in the United Kingdom. Co. is engaged in producing and distributing spirits, beer and wine. Co.'s operations include producing, distilling, brewing, bottling, packaging, distributing, developing and marketing of a range of brands. The brands that it produces and distributes include Smirnoff vodka, Johnnie Walker scotch whisky, Baileys Original Irish Cream liqueur, Captain Morgan rum, J&B scotch whisky, Tanqueray gin and Guinness stout. In addition, Co. also has the distribution rights for the Jose Cuervo tequila brands in North America and other countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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