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Societe Generale

Start of Coverage: 26-01-2021

Resume of the last report made by this analyst

We are initiating coverage of Jeronimo Martins with a Hold rating and a TP of €15, which implies limited upside potential. Although the group has a clear strategy and strong medium-term growth drivers, we are relatively cautious on the short term.

Analyst: Arnaud Joly

e-mailarnaud.joly-grs@sgcib.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.