Deutsche upgrades shares of Diageo (DEO +1.1%) to Buy from Hold on the strength of the brewer's...

|About: Diageo plc (DEO)|By:, SA News Editor

Deutsche upgrades shares of Diageo (DEO +1.1%) to Buy from Hold on the strength of the brewer's 14 strategic brands. The firm's note to clients says in part: "with a shift in focus signaled at the interim stage and a likely gross margin inflection point, we think top-line gains will translate better into bottom-line growth going forward."