Diageo

Diageo rallied sharply in regular trading, last at $81.54 as of ET 09:39, up 3.6% from the prior close of $78.70, driven by a Buy rating reaffirmation from Berenberg Bank and an upgraded price target to 1,750p. The stock climbed steadily during pre-market from $79.86 to $81.05, then extended gains after the open, hitting an intraday high of $81.54 and a low of $79.86. The company's latest quarterly revenue fell 4.05% YoY to $5.23B, but net profit rose 3.1% YoY to $997.5M, with EPS of $1.788 (+2.88% YoY) and a net profit margin of 19.07%. Despite being 29.95% below its 52-week high of $116.41, the stock has reclaimed both its 20-day MA ($80.88) and 60-day MA ($81.15), with its YTD decline narrowing to 6.37%. Headwinds include recent job cuts and an almost $400M debt owed by an Indian state.