** Analysts at Citi cut target price for Endeavour Group

to A$4.89 from A$5.18; sets rating as "neutral"

** Citi cuts FY25 to FY27 NPAT estimates for the pub operator by 6%, driven by slower-than-expected retail sales and softer-than-expected retail margins

** "While Endeavour trades at an undemanding multiple, we don't see any signs of improving momentum in the core business which could mean the stock remains cheap for some time" - Citi

** "We also see some element of strategic uncertainty given the CEO transition," adds Citi

** In its Q1 trading update on Monday, co forecast H1 2025 retail operating EBIT margin in 7%-7.5% range vs 8% year ago

** Co announced its CEO's resignation in late-September

** Seven of 13 analysts rate the stock "buy" or higher, five "hold" and one "sell"; their median PT is A$5.22 – LSEG data

** Stock had fallen 13.6% YTD, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))