2258 GMT - Citi analyst Sam Teeger acknowledges that trying to buy a stock on its last downgrade is risky, but he thinks it's worth it with Endeavour Group. Raising his recommendation to buy from neutral, Teeger tells clients in a note that the Australian liquor retailer's disappointing profit guidance had been somewhat expected. He reckons there's a good chance that the downgrade is the group's last, at least in the near term, and sees potential for improved performance including from increased collaboration with suppliers. An investor day scheduled for March looms as a likely positive catalyst, he adds. Citi raises its target price 4.6% to A$4.10. Shares are at A$3.70 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 13, 2026 17:58 ET (22:58 GMT)

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