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Societe Generale

Start of Coverage: 26-01-2021

Resume of the last report made by this analyst

We have raised our TP from €15 to €21.3 to reflect our upgraded earnings forecasts, the sector’s rerating in recent months and our stronger confidence in the group’s fundamentals following a very resilient 2021 in a challenging context (pandemic and retail sales tax introduced in Poland).

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.