Morgan Stanley Reduces Price Target on Diageo (DEO) Following $750,000 Fine From COMESA

Diageo plc (NYSE:DEO) is one of Warren Buffett’s 10 Stock Picks with the Strongest Upside Potential. On October 15, Morgan Stanley reduced the price target on Diageo plc (NYSE:DEO) from 1,875 GBp to 1,740 GBp, keeping its Underweight rating on the stock. Morgan Stanley has lowered the price target for Diageo’s stock trading on the London stock exchange, following the company’s agreement to pay a settlement of $750,000 in Africa. Back in 2021, the Common Market for Eastern and Southern Africa (COMESA) Comp ...