Diageo has been given a "Sell" rating by UBS, with a target price of 2300 pence. Concerns have been raised by analyst Sanjeet Aujla regarding weak sales in India, which could pose short-term risks for the company.
Despite these challenges, the management is optimistic about achieving double-digit growth in the next two quarters. The report, released on October 24, 2024, reflects UBS's cautious stance on Diageo's performance in light of market fluctuations.
Investors are advised to consider the potential volatility in the company's sales figures when evaluating their positions.