Endeavour's Bull Welcomes Reduced Update Schedule -- Market Talk

Dow Jones03-04 11:13

0312 GMT - Endeavour Group's decision to stop publishing quarterly updates cheers its bull at Citi, where analyst Sam Teeger welcomes a reduction in noise around short-term trading. Broadly speaking, he sees no surprises in the alcohol and hospitality retailer's first-half result, much of which had already been disclosed to the market. With management flagging a focus on pricing, Teeger thinks first-half margin compression of 84 basis points makes the consensus forecast for second-half compression of 61 basis points look overly optimistic. He sees 70 basis points as a more likely move. Citi has a last-published buy rating and a A$4.10 target price on the stock, which is down 5.3% at A$3.77. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

March 03, 2026 22:13 ET (03:13 GMT)

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