$PJP #X5 Retail Group N.V. GDR X5 Retail Group: Q1 20 IFRS results – neutral-to-positive: X5 (FIVE LI: E/W; TP $36.6/GDR) reported its 1Q20 financial results. EBITDA was 3% above our and consensus estimates, with higher logistics and…  #equity #stocks