0036 GMT - Endeavour's strategy reset comes with execution risk despite the Australian hospitality group's limited targets, Morgan Stanley analysts warn. They tell clients in a note that the alcohol retailer and hotel operator has provided some clarity, but that key issues including a pathway to the monetization of property freeholds have yet to be addressed. The limited financial targets outlined by management also means it may be hard to track progress, the MS analysts say. They add that above-target leverage suggests that interest expenses may be higher than they have forecast. MS cuts its target price by 8.6% to 3.20 Australian dollars and keeps an equal-weight rating on the stock, which is down 5.1% at A$2.78. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 27, 2026 20:36 ET (00:36 GMT)

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