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Morgan Stanley

Start of Coverage: 01-10-2019

Resume of the last report made by this analyst

We increase our estimates which leads to the increase of our target price to EUR18. The increase in our estimates is driven by better profitability modelled for Biedronka as we expect food inflation in store to continue to progress positively.

Analyst: Maria-Laura Adurno

e-mail: Maria-Laura.Adurno@morganstanley.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.