The investment bank, JP Morgan, has reduced its recommendation on the global drinks force, Diageo, from "overweight" to "neutral" in anticipation of the publication of the group's year-end results on Thursday.
The investment bank, JP Morgan, has reduced its recommendation on the global drinks force, Diageo, from “overweight” to “neutral” in anticipation of the publication of the group’s year-end results on Thursday.
The bank said that Diageo’s stock was currently trading at a “significant premium” to its principal competitors and added that the French wines and spirits group, Pernod Ricard, looked particularly undervalued.
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