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Berenberg

Start of Coverage: 11-06-2019

Resume of the last report made by this analyst

We initiate coverage of Jerónimo Martins with a Buy rating and EUR17.10 price target: we view the company as a structural winner which is entering a period of dissipating headwinds and accelerating tailwinds in Poland with potential for profitability inflection and value-accretive expansion in other markets.

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.