 Alcoholic drinks company Diageo will likely see growth normalise in 2023 according to Jefferies analysts, who reiterated a buy rating for the firm, adding the shares were inexpensive for the quality. Having seen two years of strong recovery post-Covid, Jefferies predicted the Johnnie Walker, Smirnoff and Tanqueray owner will see organic sales growth of between 5 to 7 in the medium term, with earnings before tax rising by 6 to 9 in the same period. 