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)
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