Deutsche Bank has upgraded Diageo PLC to a 'buy' rating, citing a reset in expectations that opens potential for recovery despite short-term earnings challenges. The bank lowered its price target to 1,650p from 1,790p, still implying about 20% upside from the current share price of 1,419p. Analyst Mitch Collett noted that forecasts now expect weaker performance in 2026 and a return to profitability in 2027, with estimates below consensus in the medium term. Deutsche Bank expects Diageo to reduce margins to regain competitiveness, especially in North America and Europe, allowing more investment in pricing, marketing, and innovation. Over the long term, organic sales growth of 3-4% and operating profit growth of 5-7% are forecasted as Diageo aims for more consistent performance.
Shirofune has introduced Walmart Connect, an integration that allows advertisers and agencies to manage Walmart retail media campaigns alongside other digital channels within a single platform. This automation reduces manual bid adjustments and repor...
Purecore Metals Inc. has signed a non-binding letter of intent with Skyharbour Resources to acquire an option to earn up to 100% interest in the Yurchison uranium property in Saskatchewan's Athabasca Basin. The property covers over 35,000 hectares an...
Point completed a $508.6 million rated asset-backed securitization of its Home Equity Investment (HEI) assets, marking the largest transaction ever in the HEI asset class. The deal attracted over 30 institutional investors and priced at significantly...
The global reactive hot melt adhesives market is projected to grow from $2.02 billion in 2025 to $4.29 billion by 2035, at a CAGR of 7.72%. Growth is driven by regulations limiting solvent-based adhesives, increased use of polyurethane adhesives in a...
TransUnion has enhanced its mortgage credit report by integrating TruVision™ Alternative Credit Attributes (ACA 2.0) from FactorTrust® to provide lenders with broader insights beyond traditional credit data. This new data helps lenders identify borro...
