0020 GMT - The delay between Endeavour Group's announcement of its new CEO and her starting work could create a period of strategic uncertainty, Citi analyst Sam Teeger warns. The drinks and hospitality group appointed Jayne Hrdlicka this week, but she doesn't assume the role until 2026. Teeger tells clients in a note that Endeavour is likely to continue trading at undemanding multiples until investors become more confident in its ability to manage medium-term margins. There is also uncertainty over rents and gaming regulation, he adds. Citi has a neutral rating and A$4.50 target price on the stock, which is up 2.5% at A$4.09. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 20:20 ET (00:20 GMT)
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