Diageo has had its rating raised. WestLB today (16 November) upped its coverage of the drinks company to 'outperform' from 'neutral,' while increasing its price target on shares to 925 pence from 800p.

An analyst from the German bank said: "We've upgraded our earnings forecasts by 4% for fiscal 2006 and this is mainly due to our improved expectations for the EBIT margin this year."