Diageo shares fall as UBS cuts target price

**Shares of Spirits maker Diageo down 1.8% at 1718 p - stock among top losers on FTSE 100 CURRENCYCOM:UK100 , which is up ~0.18%** UBS has cut target price to 1850p from 2250p, downgrading stock to Neutral from Buy** Analysts cite downside risks in the U.S. Spirits market, which accounts for about 30% of FY25 sales, now in decline and market share losses pressuring valuation multiples**Brokerage adds that, despite new management and potential portfolio changes offering some optimism, near-term outperformance remains unlikely** YTD, stock had fallen ~32% so far this year