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Investing.com - RBC Capital initiated coverage on Endeavour Group Ltd (ASX:EDV) with a Sector Perform rating and a price target of AUD4.40.
The investment firm identified Endeavour as the largest player in both of its markets, highlighting its "category killer" status in retail through the Dan Murphy’s chain.
RBC Capital analyst Michael Toner noted that Endeavour has "strategically lost its way in recent years," but acknowledged that recent actions to simplify, rationalize, and focus on execution represent positive steps.
The firm suggested that the official arrival of Endeavour’s incoming CEO may trigger a strategic reset in the first half of 2026.
RBC Capital observed that Endeavour’s one-year forward price-to-earnings ratio has contracted to approximately 14x compared to its five-year average of about 20x, reflecting what the firm describes as "an uncertain future outlook."
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