Australia's BWS pub owner-Endeavour tumbles 3.9%; brokers cut PT

Endeavour

06/05/2025 02:54

** Shares of Australian pub-owner Endeavour Group EDV.AX fall 3.9% to A$4; on track for weakest trading session since April 7

** Analysts at Jefferies lower PT on the Dan Murphy's and BWS liquor store owner to A$4.5 from A$5.5; downgrade rating to "hold" from "buy"

** Brokerage sees risk of margin re-basing on co rising significantly

** Another brokerage Jarden trims PT to A$4.2 from A$4.3; maintains "neutral" rating

** Jarden expects incoming CEO Jane Hrdlicka to take a fresh look at capital structure and strategy

** Sees incoming chief's new approach to create significant amount of uncertainty

** Jarden lowers earnings forecast by 3% for FY25 while Jefferies cuts retail margin estimates

** Stock down 4.1% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))