2330 GMT - Endeavour's bull at Jefferies doesn't foresee any lasting impact on the drinks retailer from the distribution-center disruption that hit sales. Analyst Michael Simotas tells clients in a note that the impact is one-off and should be short-lived. He doesn't think there is any risk that Endeavour will have to lower product prices to restore demand. Supermarket owner Woolworths, whose distribution centers Endeavour uses, is a different matter, he adds. He estimates that Endeavour will end up losing a total A$50 million in sales due to the now-concluded strikes at the centers. Jefferies has a buy rating and A$5.70 target price on the stock, which is down 1.2% at A$4.23. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 10, 2024 18:30 ET (23:30 GMT)
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