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Berenberg

Start of Coverage: 11-06-2019

Resume of the last report made by this analyst

We lower our sales forecasts to reflect the weaker trading and reduce our EBITDA forecasts by 5%. We lower our price target to €15.50, but maintain our Hold rating as we believe the risk/reward 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.