Endeavour Loses Bull on Profit Margin Concerns -- Market Talk

Dow Jones
May 06, 2025

0134 GMT - Australian drinks-and-pubs company Endeavour no longer has enough fizz to keep Jefferies among its bulls. Analyst Michael Simotas says there remains significant value in Endeavour's assets that can be generated from improved performance or through a potential breakup. "There is additional value in property, but we cut to Hold given risk of a margin re-base has risen significantly," Jefferies says. The bank cites issues such as the long gap until new CEO Jayne Hrdlicka starts in January and the need to reinvigorate sales to stem a loss of retail-market share. Endeavour is down 3.1% today. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

May 05, 2025 21:34 ET (01:34 GMT)

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