Endeavour Loses Bull as Stretched Household Budgets Threaten Sales -- Market Talk

Dow Jones

Mar 27

2159 GMT - Drinks-to-hotels group Endeavour loses a bull in Citi as consumer spending is squeezed. Citi downgrades Endeavour to neutral, from buy, and lowers its price target by 14% to A$3.70/share. "In the near term we are concerned about sales being adversely impacted by higher interest rates, petrol prices and higher inflation more generally putting downward pressure on household budgets," analyst Sam Teeger says. These may result in lower alcohol consumption and dining out, hurting Endeavour's retail and hotels divisions. Endeavour faces other headwinds, from an apparent structural decline in alcohol sales to higher freight costs. It may be difficult for Endeavour to pass on any cost rises to consumers, Citi says. Endeavour ended Thursday at A$3.40. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 26, 2026 17:59 ET (21:59 GMT)

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Citi downgrades Endeavour to neutral, from buy, and lowers its price target by 14% to A$3.70/share. \"In the near term we are concerned about sales being adversely impacted by higher interest rates, petrol prices and higher inflation more generally putting downward pressure on household budgets,\" analyst Sam Teeger says. These may result in lower alcohol consumption and dining out, hurting Endeavour's retail and hotels divisions. Endeavour faces other headwinds, from an apparent structural decline in alcohol sales to higher freight costs. It may be difficult for Endeavour to pass on any cost rises to consumers, Citi says. Endeavour ended Thursday at A$3.40. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2026 17:59 ET (21:59 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Endeavour Loses Bull as Stretched Household Budgets Threaten Sales -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEndeavour Loses Bull as Stretched Household Budgets Threaten Sales -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-27 05:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2159 GMT - Drinks-to-hotels group Endeavour loses a bull in Citi as consumer spending is squeezed. Citi downgrades Endeavour to neutral, from buy, and lowers its price target by 14% to A$3.70/share. \"In the near term we are concerned about sales being adversely impacted by higher interest rates, petrol prices and higher inflation more generally putting downward pressure on household budgets,\" analyst Sam Teeger says. These may result in lower alcohol consumption and dining out, hurting Endeavour's retail and hotels divisions. Endeavour faces other headwinds, from an apparent structural decline in alcohol sales to higher freight costs. It may be difficult for Endeavour to pass on any cost rises to consumers, Citi says. Endeavour ended Thursday at A$3.40. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2026 17:59 ET (21:59 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EDV.AU","symbol_name":"Endeavour Group Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622949088","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622949088","pubTimestamp":1774562340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2159 GMT - Drinks-to-hotels group Endeavour loses a bull in Citi as consumer spending is squeezed. Citi downgrades Endeavour to neutral, from buy, and lowers its price target by 14% to A$3.70/share. \"In the near term we are concerned about sales being adversely impacted by higher interest rates, petrol prices and higher inflation more generally putting downward pressure on household budgets,\" analyst Sam Teeger says. These may result in lower alcohol consumption and dining out, hurting Endeavour's retail and hotels divisions. Endeavour faces other headwinds, from an apparent structural decline in alcohol sales to higher freight costs. It may be difficult for Endeavour to pass on any cost rises to consumers, Citi says. Endeavour ended Thursday at A$3.40. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EDV.AU":"Endeavour Group Ltd","BK7040":"食品零售"},"translate_title":"由于家庭预算紧张威胁销售，奋进号失去了牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EDV.AU":0.9},"content_text":"2159 GMT - Drinks-to-hotels group Endeavour loses a bull in Citi as consumer spending is squeezed. Citi downgrades Endeavour to neutral, from buy, and lowers its price target by 14% to A$3.70/share. \"In the near term we are concerned about sales being adversely impacted by higher interest rates, petrol prices and higher inflation more generally putting downward pressure on household budgets,\" analyst Sam Teeger says. These may result in lower alcohol consumption and dining out, hurting Endeavour's retail and hotels divisions. Endeavour faces other headwinds, from an apparent structural decline in alcohol sales to higher freight costs. It may be difficult for Endeavour to pass on any cost rises to consumers, Citi says. Endeavour ended Thursday at A$3.40. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 26, 2026 17:59 ET (21:59 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}