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Exane BNP Paribas

Start of Coverage: 11-11-2004

Resume of the last report made by this analyst

An eventual past through of the turnover tax however doesn’t help Q1 or 2021 and we take a cut to forecasts and our TP reflecting the uncertainty a turnover tax we had hoped might go away introduces. But it’s well flagged and we have plenty of upside left on our TP so remain Outperform.

Analyst: Andrew Gwynn

e-mailandrew.gwynn@exanebnpparibas.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.