Argus analyst John Staszak kept his Buy rating and $168 price target on Diageo, saying that he has a "strong outlook" for the "leading" company in the beverage sector. The analyst is positive on Diageo's "strong brands, leading position in many spirits categories, and relatively low cost structure." Staszak also cites the company's "above-peer-average revenue growth" thanks to its partnership work with bars and restaurants on pricing and promotions, along with its attractive valuation of 19.3-times his expected forward earnings - below the peer average multiple of 24.0-times.