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Caixa BI

Start of Coverage: 23-04-2019

Resume of the last report made by this analyst

FY2021 was indeed a year of solid growth for JMT. Although the outlook remains quite challenging (fuel cost’s increase and war in Ukraine), we are upgrading the recommendation from Neutral to Accumulate given these set of results and the upside potential of our fair-value to current market price.

Analyst: Artur Amaro

e-mailartur.amaro@caixabi.pt

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.