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HSBC

Start of Coverage: 13-01-2010

Resume of the last report made by this analyst

Lower TP to EUR11 (from EUR13) on lower LFL assumptions for Biedronka and adjusted FX.

Analyst: Andrew Porteus

e-mail: andrew.porteous@hsbc.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.