Diageo Could Start to Recover Under New CFO -- Market Talk

Dow Jones12-05

1516 GMT - Diageo could start to look different once confidence in spirits growth increases and under a new CFO, Jefferies analysts Edward Mundy and Andrei Andon-Ionita say. The U.K. spirits maker earlier this year named Nik Jhangiani, who was finance chief at Coca-Cola Europacific Partners, as its new CFO, replacing Lavanya Chandrashekar. Jhangiani has taken the role after some difficult years and following a period of considerable internal change, they write in a research note. He will bring a renewed focus on growth, profit and cash, they add. The analysts expect fiscal 2025 to remain challenging, as the beverage sector faces a downgrade cycle, and a recovery from fiscal 2026 onward. Jefferies upgrades its rating on Diageo stock to buy from hold. Shares are up 2.7% at 2,403 pence. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

December 05, 2024 10:17 ET (15:17 GMT)

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The U.K. spirits maker ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DEO","symbol_name":"帝亚吉欧","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489722468","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489722468","pubTimestamp":1733411820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1516 GMT - Diageo could start to look different once confidence in spirits growth increases and under a new CFO, Jefferies analysts Edward Mundy and Andrei Andon-Ionita say. 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