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CaixaBank BPI

Start of Coverage: 14-01-2000

Resume of the last report made by this analyst

YE23 Price Target cut to €21.75 (-9%) mainly due to lower LfL and margins in Poland. Easing inflation in Poland against a backdrop of trading down and rising costs are relevant risks while the trends seen in other markets led us to assume a more conservative stance. Underperform.

Analyst: José Rito

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