Information Provided By:
Fly News Breaks for July 24, 2015
DEO
Jul 24, 2015 | 08:39 EDT
After The Wall Street Journal reported that the SEC had launched a probe to determine whether Diageo has been over-shipping to distributors in an effort to boost its results, Bernstein says that investors are right to be worried, given the precedents set by Tesco and Toshiba. However, the firm adds that yesterday's 4% drop in the stock was unjustified. But it says that the investigation will be a drag on the stock price until it's resolved. Bernstein keeps a $124.90 target and Market Perform rating on the shares.
News For DEO From the Last 2 Days
There are no results for your query DEO