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Goldman Sachs

Start of Coverage: 20-12-2007

Resume of the last report made by this analyst

Ahead of the results, we update our estimates to reflect recent data on local market inflation and FX rates. As a result of our estimate upgrades our target price moves to €14 (€13.50).

Analyst: Rob Joyce

e-mailrob.joyce@gs.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.