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Rating: DEO

Diageo Plc (NYSE: DEO) downgraded to Hold by Stifel

Tuesday,  Jan 12, 2016  8:25 AM ET by Betsy O'Brien Harrison

Stifel downgraded Diageo Plc (NYSE: DEO) to Hold. Previously
Stifel downgraded to Diageo Plc (NYSE: DEO) to Buy on 03/22/2013, when the stock price was $122.99.

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.


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