DEO - Diageo plc
Jefferies has thrown its weight behind Diageo PLC's (LSE:DGE) plan to fix its ailing US business, telling clients the shares could climb 35% as the turnaround takes hold. The investment bank kept its 'buy' rating on Diageo, the FTSE 100 drinks giant behind Johnnie Walker, Guinness and Smirnoff, with a price target of 2,200p against a current 1,626p.
Alongside new frutero-inspired creative featuring Nina Sky, Buchanan's is bringing Buchanan's Coconut to life by partnering with DJ and producer collective Pangea Sound to introduce Mezclao – a multi-city event series that blends global music and culture, invites fans across LA, Austin and Miami to join the familia, and keeps the spirit of summer alive all autumn long NEW YORK, Sept. 16, 2026 /PRNewswire/ -- The House of Buchanan's today introduces Buchanan's Coconut, a bold new spirit that brings tropical richness and unmistakable flavor to the brand's award-winning portfolio.
NEW YORK, Sept. 15, 2026 /PRNewswire/ -- This football season, Crown Royal's "Bring It" platform kicks off with "Royal Rituals," a season-long celebration of the rituals that make football more than a game, bringing fans together in the moments that happen beyond the field. Throughout the season, Crown Royal will spotlight the many ways fans "Bring It" to game day, from longstanding rituals passed down through generations to the shared experiences that bring them together.
Diageo remains a 'Buy' despite sector headwinds, with a revised price target of $90/share reflecting updated risks and valuation assumptions. Operational improvements include $800M+ in restructuring savings, headcount reduction, and solid free cash flow, supporting earnings resilience even as organic sales decline. North America remains a key weakness, with double-digit sales declines in spirits and persistent challenges expected through 2027; other geographies show growth.
THREE LEGENDS. THREE MORE YEARS. GUINNESS IS RUNNING IT BACK WITH NOTRE DAME AND JOE MONTANA PR Newswire NEW YORK,
Ahead of the highly anticipated sequel's release on September 10, Astral Tequila invites fans to gather their coven, blend up the Astral Midnight Margarita, and celebrate sisterhood with the next chapter of the beloved classic. As the official tequila of Practical Magic 2, Astral Tequila invites fans 21+ to stir up a little magic with the Astral Midnight Margarita—the spellbinding cocktail inspired by the film's most iconic scene, perfect for sharing with your coven.
Diageo PLC (LSE:DGE) has retained an 'Outperform' rating from RBC Capital Markets, with the broker maintaining its £20 price target as it backed chief executive Sir Dave Lewis's turnaround strategy. RBC said the plan unveiled at Diageo's August 6 Capital Markets Day was credible despite uncertainty surrounding the global spirits market.
Jefferies has held its 'buy' rating and 2,200p price target on Diageo PLC (LSE:DGE), arguing that a close reading of the Guinness-maker's latest annual report points to a genuine shift in strategy under its turnaround plan. The target implies upside of about 30% from Wednesday's opening level of 1,688p.
Diageo plc (DEO) is reiterated as a Buy, supported by ongoing cost savings, a solid balance sheet, and a promising turnaround under the new CEO. DEO's new cost-cutting plan targets $1 billion in cost savings over two years, with 40% of operational and 25% of supply chain savings expected in FY27. FY27 guidance calls for broadly flat organic net sales, with North America down mid-single digits, and FCF temporarily dipping to ~$2 billion due to restructuring costs.
Diageo's total headcount fell more than 6% year-over-year by the end of June, according to its annual report, as the world's top spirits maker embarks on a restructuring under new CEO Dave Lewis.
Diageo PLC (LSE:DGE) has appointed former Procter & Gamble Beauty chief executive R. Alexandra “Alex” Keith as a non-executive director, adding more than 35 years of international consumer goods experience to its board.
In this article series, I summarize dividend announcements of the past week. This week, 12 stocks announced dividend increases, while one announced a 52% dividend cut. BMI stands out with a 10% dividend increase, an excellent quality score of 8.04, a very safe dividend, and a valuation with 11.97% upside. CBOE leads dividend hikes with a 19.44% increase, a top-quality score of 8.64, and robust dividend safety metrics.
Diageo has agreed to reformulate some of its most popular whisky and rum drinks in India, two government sources told Reuters, after the country's food safety regulator banned them in some states for adding flavours that breached regulations.
DEO is reshaping its portfolio, backing Guinness and broader brand activation as it targets steadier growth amid persistent weakness in U.S. spirits.
Diageo (NYSE: DEO - Get Free Report) and Arcadia Biosciences (NASDAQ: RKDA - Get Free Report) are both consumer staples companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, risk, earnings, profitability, analyst recommendations, dividends and valuation. Profitability This table compares Diageo and Arcadia Biosciences'
India's government prohibited a popular Diageo rum for misbranding without following due process and just as the food safety regulator began consulting on the labelling rules at the heart of the issue, the company has argued in court.
Diageo PLC (LSE:DGE) has emerged from its capital markets day with two sharply different verdicts from the City. Jefferies has raised its price target to 2,200p from 2,000p, implying 23% upside, arguing that Sir Dave Lewis has delivered a credible plan a good deal faster than expected.
Diageo plc (DEO) Analyst/Investor Day Transcript
Diageo's FY26 earnings show resilience with cost savings and cash gains, but North America weakness pressures sales and outlook.
Citi has told clients that Diageo PLC's (LSE:DGE) long run of earnings disappointments has come to an end, lifting its forecasts after the drinks group's capital markets day and Thursday's results. The US bank raised its earnings per share estimates for the 2027 financial year by 3% and for 2028 by 6%.