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Berenberg

Start of Coverage: 11-06-2019

Resume of the last report made by this analyst

We expect the pandemic to have a prolonged impact on the consumer environment in Portugal and Colombia, dragging on performance. We lower our price target to EUR15.00, 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.