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UBS Investment Bank

Start of Coverage: 14-05-2003

Resume of the last report made by this analyst

We cut our 2023-24 EPS estimates by 4-5%, lower our price target to €18 (from €22), and downgrade Jeronimo Martins to Sell (from Neutral). We expect deteriorating operating figures (from 2Q23) to be a catalyst.

Analyst: Michal Potyra

e-mailmichal.potyra@ubs.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.