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Start of Coverage: 25-02-2019

Resume of the last report made by this analyst

We cut our price target from €17.5 to €15.2 and our rating from Buy to Hold. We forecast 10% EBITDA decline (vs. stable EBITDA in 1Q20) and margin down 115bp (vs. 75bp decline in 1Q20).

Analyst: Cedric Lecasble


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.