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Barclays Capital

Start of Coverage: 23-10-2009

Resume of the last report made by this analyst

Price target raised to €22, but Equal Weight recommendation maintained: We nudge up our EPS forecasts by an average 3% to mainly factor in the latest FX movements.

Analyst: Nicolas Champ

e-mailnicolas.champ@barclays.com

The information presented refers to recommendations issued by analysts that follow the Jerónimo Martins’ share. For more information, please read the Analysts Coverage section in this website’s Terms and Conditions.