Citi sees scope for Endeavour Group to lift performance after outlook miss

Endeavour

13/01/2026 23:11

** Citi sees room for Australia's Endeavour Group EDV.AX to boost its performance following profit outlook miss

** Shares rise as much as 2.7% to A$3.80, logging their biggest intraday pct gain since Nov. 12

** Adds, collaboration with suppliers to drive innovation and exclusivity could improve co's performance

** "Further, there’s also an opportunity to be more sophisticated with pricing going forward" — Citi

** Brokerage says Tuesday's outlook miss was expected and sees as the last downgrade in the near term unless trading conditions worsen

** Expects Q4 investor day to be a positive catalyst on stock

** Upgrades stock to "buy"

** Stock lost nearly 13% in 2025

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))