Diageo : Diageo CMD: no details on the FY 2024e growth trajectory, but the group launches a number of initiatives to support it in the medium to long term
>Outperform maintained with a target price of 3,200p - Outperform recommendation maintained with a target price unchanged at 3,200p. The group’s valuation level (17x P/E NTM vs 21x over 10 years) continues to present an attractive entry point on a quality stock at a time when momentum is at a low point. We think that Diageo’s CMD has likely left a mixed impression. On the one hand, the lack of detail on the growth trajectory for FY 2024e leaves the group's short-term ...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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