Citi downgrades Australia's Endeavour Group to 'neutral', flags near-term challenges

Endeavour

26/03/2026 19:17

** Citi downgrades rating on Australian Endeavour Group EDV.AX to "neutral" from "buy"

** Flags near-term sales being adversely impacted by higher interest rates, petrol prices and higher inflation

** Says pressure on household budgets may result in lower alcohol consumption and dining out, impacting both retail and hotels divisions of company

** EDV could also be impacted by higher freight costs - Citi

** Citi cuts FY26 net profit after tax estimate by 2%, lowers FY27 and FY28 NPAT estimates by 1%

** Four of 15 analysts rate the stock "buy" or higher, six "hold" and five "sell" or lower; median PT is A$3.65 – data compiled by LSEG

** Shares down 7.1% YTD

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))