Endeavour Keeps Bull Despite Consumer Uncertainty -- Market Talk

Dow Jones
03/05

2244 GMT - Endeavour Group keeps its bull at Bell Potter despite the alcohol and hospitality retailer flagging an uncertain outlook for consumer spending. Analyst Baxter Kirk tells clients in a note that the Australia-listed company's margins are being compressed by pricing and promotions, but that it is partially offsetting cost inflation through savings initiatives. Kirk reckons that expectations are low for the strategy refresh due to be unveiled in May, driving his view that there is plenty of potential upside. Bell Potter keeps a buy rating on the stock and raises its target price 3.75% to A$4.15. Shares are at A$3.84 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 04, 2026 17:45 ET (22:45 GMT)

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