0249 GMT - Endeavour Group's bears at Macquarie see the liquor retailer's coming strategy day as key to expectations for the long-term trajectory of its earnings recovery. The investment bank's analysts tell clients in a note that they expect further investment in accelerating sales as the Australian company's Dan Murphy's chain reestablishes its position in the market. For now, the analysts expect both proactive and reactive pricing moves, including those to competitors' offers, to keep weighing on gross margins. They are waiting on details from management. Macquarie cuts its target price 2.9% to A$3.40 and keeps an underweight recommendation on the stock, which is up 2.4% at A$3.79. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 13, 2026 21:49 ET (02:49 GMT)
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