The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksMedium•31 March 2026•

1 min read

Deutsche Bank Upgrades Diageo to Buy Citing 20% Potential Upside

A man in a suit over a stock chart with 'Mondelez International' text, surrounded by chocolate, cocoa beans, factories, and shops.

Key Facts

1Deutsche Bank upgraded Diageo PLC to a 'Buy' rating.

2The price target was cut to 1,650p from 1,790p.

Deutsche Bank has upgraded its rating for Diageo PLC to 'Buy,' signaling confidence in the beverage giant's recovery potential. While the bank lowered its price target to 1,650p from 1,790p, it emphasized that current valuations offer a compelling entry point for investors. According to the analyst report, the revised target implies a significant 20% upside from the stock's current market levels. The upgrade follows a reset in market expectations, which the bank believes has created a more favorable risk-reward profile. Despite ongoing pressure on near-term earnings, Deutsche Bank suggests that the stock is well-positioned for a rebound as sentiment stabilizes. Diageo shares are primary listed on the London Stock Exchange (DGE.L) with ADRs trading in New York (DEO).