🔴 Jeronimo Martins is trading 4.22% down after prior-session sell-off tied to two analyst downgrades

Jeronimo Martins is trading 4.22% down at €16.81; no separate company announcement explaining the October 5 move surfaced in the search.

• On October 2, it was reported as the PSI’s biggest decliner, with coverage attributing the drop to two analyst downgrades.
• Portugal’s PSI also fell that day, despite gains across major European markets.
• The company’s investor calendar lists 9M 2026 results for October 28, after market close; these do not explain this move.