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Enter Symbol:
 
Diageo Plc (DEO) [hlAlert]

Rating:
Neutral DEO
down 5.96 %

Diageo Plc (DEO) upgraded to Neutral by UBS

Posted on: Friday,  May 8, 2009  8:25 AM ET by UBS

UBS rated Neutral Diageo Plc (NYSE: DEO) on 05/08/2009. Previously UBS rated Sell Diageo Plc (NYSE: DEO) on 02/17/2009., when
the stock price was $49.47. Since then, Diageo Plc has gained 6.35% as of 05/08/2009's recent price of $52.61.
If you would have followed the previous UBS's recommendation on DEO, you would have lost 5.96% of your investment in 80 days.

Diageo plc (Diageo) is engaged in the drinks business with a collection of international brands. Diageo is a participant in the branded beverage alcohol industry and operates worldwide. Diageo produces and distributes a collection of branded premium spirits, beer and wine. The range of premium brands it produces and distributes includes Smirnoff vodka, Johnnie Walker scotch whisky, Baileys Original Irish Cream liqueur, Captain Morgan rum, JeB scotch whisky, Tanqueray gin and Guinness stout. In addition it also has the distribution rights for the Jose Cuervo tequila brands in North America and many other markets. Diageo?s beer brands include the global stout brand, Guinness. Diageo targets its geographical priorities in terms of the major regional economies in which it operates. These markets are managed under four business areas: North America, Europe, International and Asia Pacific. On June 16, 2009, the Company acquired the remaining 80% interest in Stirrings LLC.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/8/2009 8:25 AM Hold
None
52.61
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -6.34 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/17/2009 8:25 AM Sell
None
49.47
7/2/2008 8:25 AM Hold
None
71.84

(*) Stock Price at the time of the recommendation.
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