Diageo share price rebounds, but JPMorgan still sees downside ahead of interims
Diageo shares rose 0.8% to 1,622.5 pence in early London trading Wednesday after falling 2.75% the previous day. JPMorgan kept a neutral rating, warning of ongoing margin pressure and possible further earnings downgrades in the sector. Jefferies maintained a buy rating with a 2,000 pence target. Diageo reports interim results on Feb. 25.