Updates with share moves

** Shares of Australia's Endeavour Group EDV.AX rise as much as 0.9% to A$2.885, their biggest gain since May 25

** However, the stock fell 6.8% so far this week, set for its worst week since late March

Morningstar says divesting non-core wineries and vineyards simplifies operations and reduces costs for EDV

** The investment research firm says the market is expecting structurally lower long-term cost margins for the pub operator

** Morningstar sees liquor retailing sales for co to grow in line with inflation from FY27, with younger population moderating alcohol consumption

** Says cutting dividend payout ratio provides greater flexibility in funding hotel investments for EDV

** It maintains fair value estimate of A$5.4/share for EDV, expects co's price growth to return from 2027 coupled with gains from leaner operations

** YTD, stock down 21.6%

($1 = 1.3965 Australian dollars)