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CaixaBank BPI

Start of Coverage: 14-01-2000

Resume of the last report made by this analyst

YE20 Price Target set at €17.55 (0% ex-roll fwd). Poland (retail tax) may generate volatility but the end game seems neutral to us and overshadow by local market dynamics. Overall, valuation remains attractive (15.4x PE20, ex-losses from Colombia) and the improving LfL momentum in Poland and JM’s EPS evolution profile should be important catalysts. BUY.

Analyst: José Rito

e-mailjose.manuel.rito@caixabank.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.