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Market Chatter: Endeavour Group Offers Scope for Market Share Gains, Citi Says

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Endeavour Group (ASX:EDV) offers scope for market share gains despite near-term earnings uncertainty, according to Citi analyst Sam Teeger, the Australian Financial Review (AFR) reported on Thursday.

The new management's focus on price could help it regain share from Coles (ASX:COL) and other competitors, particularly in the retail alcohol space, Teeger said, per the report.

He sees any asset sales in the company's wine and vineyard portfolio as a potential positive for execution focus.

Citi upgraded Endeavour to buy and lowered the price target by 6% to AU$3.25.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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