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Jefferies International

Start of Coverage: 02-12-2010

Resume of the last report made by this analyst

Stock performance will continue to be hostage of ongoing forecast headwinds, as consensus better reflects dilution from Colombian stepped up expansion and domestic wage hikes. PT cut to €15.

Analyst: James Grzinic

e-mailjgrzinic@Jefferies.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.