Carrefour Modest headline share loss, amid tougher comps - Reiterate UW

研报英文原文证据摘录

Carrefour Modest headline share loss, amid tougher comps - Reiterate UW

is communication may otherwise lawfully be made; all such persons being referred to as

"UK relevant persons". This material must not be acted on or relied on by persons who are not UK relevant persons. Any investment or

investment activity to which this material relates is only available to UK relevant persons and will be engaged in only with UK relevant persons.

A description of J.P. Morgan EMEA’s policy for prevention and avoidance of conflicts of interest related to the production of Research can be

found at the following link: J.P. Morgan EMEA - Research Independence Policy.

U.S.: J.P. Morgan Securities LLC (“JPMS”) is a member of the NYSE, FINRA, SIPC, and the NFA. JPMorgan Chase Bank, N.A. is a member

of the FDIC. Material published by non-U.S. affiliates is distributed in the U.S. by JPMS who accepts responsibility for its content.

General: Additional information is available upon request. The information in this material has been obtained from sources believed to be

reliable. While all reasonable care has been taken to ensure that the facts stated in this material are accurate and that the forecasts, opinions and

expectations contained herein are fair and reasonable, JPMorgan Chase & Co. or its affiliates and/or subsidiaries (collectively J.P. Morgan) make

no representations or warranties whatsoever to the completeness or accuracy of the material provided, except with respect to any disclosures

relative to J.P. Morgan and the Research Analyst's involvement with the issuer that is the subject of the material. Accordingly, no reliance should

be placed on the accuracy, fairness or completeness of the information contained in this material. There may be certain discrepancies with data