$Endeavour Group Ltd (EDV.AU)$: Jefferies has a buy call on Endeavour, lifts its price target by 1.2% to A$8.20/share. Progress made by drinks and hospitality business Endeavour since its demerger from Woolworths has deepened Jefferies's confidence in expectations that it can lift annual Ebit by around 8%. Shares are 0.69% higher at A$7.25.
$Catapult Group International Ltd (CAT.AU)$: Jefferies maintains a buy rating on the stock but cuts target price by 33% to A$2.00. Catapult Group International may need to find an alternative source of funding if the sports tech firm doesn't get close to positive free cashflow in FY24, says Jefferies. Shares are 4.39% lower at A$0.98.
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MicroStrategy Q4 2024 earnings conference call
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.