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Berenberg

Start of Coverage: 11-06-2019

Resume of the last report made by this analyst

Top-line tailwinds versus margin headwinds. We increase our price target to €19.40 (from €19.20), and maintain our Hold rating as we believe the risk/reward balance is priced in.

Analyst: Thomas Davis

e-mail: thomas.davies@berenberg.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.