Diageo Stock Moves Up After Chair Buys Shares, Morgan Stanley Stays Cautious
Diageo shares rose 0.56% to 1,515.50p in London by 14:00 BST Thursday after Chair Sir John Manzoni bought 441 shares at £14.88 each. Morgan Stanley lowered its price target to 1,410p and kept an “Underweight” rating. The stock remains well below its 52-week high as investors await CEO Sir Dave Lewis’s strategy update on August 6.