Diageo’s Strategic Reset: Opportunity Amidst Challenges

Diageo's Strategic Reset: Leadership Changes and Market Recalibration

RBC Capital Markets has recently upgraded Diageo from an "underperform" to a "sector perform" rating, raising the price target from £21 to £24. This optimistic shift comes as Diageo undergoes leadership changes with the appointment of a new CFO, Nik Jhangiani, and a new Head of Investor Relations, Sonya Ghobrial. These leadership shifts signal a potential strategic reset for Diageo, aiming to align more closely with a traditional consumer staples outlook.