Jefferies recommends buying Diageo shares following the announcement that CFO Nik Jhangiani will leave and Joanne Wilson will take over in 2027. Despite concerns that the CFO departure might be viewed negatively, Jefferies believes the company's turnaround strategy remains strong and unaffected. Wilson, currently CFO at WPP, is praised for her operational finance expertise and cost efficiency, and her previous working relationship with Diageo's CEO is expected to support a smooth transition. The broker maintains a buy rating with a 2,200p price target, suggesting about 34% upside from current levels.
Jefferies backing the Diageo CFO swap is the story subject, with Pluang Consumer Staples sector data providing context. For readers following this sector, here is Pluang's market snapshot as of Sep 23, 2026 19:12 WIB: of 51 priced US Consumer Staples stocks, 32 rose and 15 fell. Notable movers include Boston Beer Company Inc (SAM) at USD 171.45 with a 1-day change of +1.90%, and J M Smucker Co (SJM) at USD 123.32 with a 1-day change of +1.82%.
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