Endeavour's Sales Hit From Woolworths Strike Doesn't Worry Bulls -- Market Talk

Dow Jones

2024-12-11

0321 GMT - The sales that Endeavour lost due to strikes at Woolworths' distribution centers don't worry its bulls at UBS. Analysts Shaun Cousins and James Meares maintain a buy rating on the stock despite lowering their EPS forecasts due to what they estimate will be A$40 million in lost sales. They write in a client note that consumers are unlikely to significantly change purchasing habits during such a short-lived disruption to stock availability and see potential for the group to recover some sales by March. UBS retains a target price of A$5.00 on the stock, which is up 0.6% at A$4.305. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 10, 2024 22:21 ET (03:21 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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