Endeavour Lures Bear with Earnings Risk, Capital Constraints
Dow Jones
Jul 20
0046 GMT - Drinks-to-hotels group Endeavour gets a new bear in Morgan Stanley, which worries that risks to earnings are being compounded by ongoing capital constraints. MS downgrades Endeavour to underweight, from equal-weight. Its price target falls 6.3% to A$3.00/share. "A sales recovery likely requires ongoing price investment, leaving earnings quality lower and limiting scope for a re-rating until sales (and then margins) stabilize," analyst Melinda K. Baxter says. Endeavour falls 4.4% to A$3.29. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 19, 2026 20:46 ET (00:46 GMT)
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