Tiger Brokers

BUZZ-Citi sees scope for Endeavour Group to lift performance after outlook miss

Reuters
Jan 14
BUZZ-Citi sees scope for Endeavour Group to lift performance after outlook miss

** Citi sees room for Australia's Endeavour Group EDV.AX to boost its performance following profit outlook miss

** Shares rise as much as 2.7% to A$3.80, logging their biggest intraday pct gain since Nov. 12

** Adds, collaboration with suppliers to drive innovation and exclusivity could improve co's performance

** "Further, there’s also an opportunity to be more sophisticated with pricing going forward" — Citi

** Brokerage says Tuesday's outlook miss was expected and sees as the last downgrade in the near term unless trading conditions worsen

** Expects Q4 investor day to be a positive catalyst on stock

** Upgrades stock to "buy"

** Stock lost nearly 13% in 2025

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10