BNP Paribas Exane Stock Recommendations and Price Targets

This is a list of recent ratings by BNP Paribas Exane.

Date	Company Name	Action	Current Price	Price Target	Rating
9/9/2026	TLTZY Tele2	Downgrade	$9.00		Outperform ➝ Neutral
9/9/2026	TEF Telefonica	Upgrade	$4.00	$4.40	Neutral
9/7/2026	TLLXY Talanx	Downgrade	$72.00		Neutral
9/4/2026	BZLFY Bunzl	Downgrade	$18.00		Outperform ➝ Neutral
9/4/2026	IOT Samsara	Boost Price Target	$39.00	$40.00 ➝ $55.00	Outperform ➝ Outperform
9/4/2026	LULU lululemon athletica	Lower Price Target	$100.00	$88.00 ➝ $44.00	Underperform ➝ Underperform
9/3/2026	WOOF Petco Health and Wellness	Lower Price Target	$2.00	$2.34 ➝ $2.11	Underperform ➝ Underperform
9/2/2026	SIRI Sirius XM	Downgrade	$29.00		Neutral
9/2/2026	RBGLY Reckitt Benckiser Group	Downgrade	$14.00		Outperform ➝ Neutral
9/2/2026	LRLCY L'Oreal	Upgrade	$89.00		Neutral ➝ Outperform
9/2/2026	TOST Toast	Downgrade	$32.00	$38.00 ➝ $35.00	Outperform ➝ Neutral
9/2/2026	PANW Palo Alto Networks	Boost Price Target	$335.00	$380.00 ➝ $400.00	Outperform ➝ Outperform
8/28/2026	HRL Hormel Foods	Lower Price Target	$21.00	$27.00 ➝ $26.00	Neutral ➝ Neutral
8/28/2026	DG Dollar General	Boost Price Target	$124.00	$113.00 ➝ $129.00	Neutral ➝ Neutral
8/28/2026	ADSK Autodesk	Boost Price Target	$207.00	$295.00 ➝ $300.00	Outperform ➝ Outperform
8/26/2026	DKS DICK'S Sporting Goods	Reiterated Rating	$134.00	$99.00	Underperform ➝ Underperform
8/24/2026	KNNNF Kainos Group	Downgrade	$17.00		Outperform ➝ Neutral
8/21/2026	WMT Walmart	Reiterated Rating	$106.00	$146.00 ➝ $137.00	Outperform ➝ Outperform
8/20/2026	PONY Pony AI	Upgrade	$7.00		Neutral ➝ Outperform
8/19/2026	CEG Constellation Energy	Reiterated Rating	$294.00	$374.00	Outperform ➝ Outperform
8/19/2026	NRG NRG Energy	Set Price Target	$115.00	$221.00
8/19/2026	VST Vistra	Set Price Target	$151.00	$255.00
8/19/2026	TLN Talen Energy	Reiterated Rating	$320.00	$560.00	Outperform ➝ Outperform
8/13/2026	FIVE Five Below	Downgrade	$247.00		Strong-Buy ➝ Hold
8/13/2026	ALC Alcon	Downgrade	$68.00	$79.00	Outperform ➝ Neutral
8/12/2026	SECCF Serco Group	Upgrade	$3.00		Neutral ➝ Outperform
8/11/2026	ZGN Ermenegildo Zegna	Downgrade	$12.00	$12.20	Neutral ➝ Underperform
8/11/2026	ZGN Ermenegildo Zegna	Upgrade	$12.00		Strong Sell
8/11/2026	ZTS Zoetis	Lower Price Target	$73.00	$146.00 ➝ $110.00	Outperform ➝ Outperform
8/11/2026	MAA Mid-America Apartment Communities	Upgrade	$128.00		Strong Sell ➝ Hold
8/11/2026	ABBV AbbVie	Boost Price Target	$251.00	$218.00 ➝ $247.00	Neutral ➝ Neutral
8/10/2026	CCHGY Coca-Cola HBC	Downgrade	$60.00		Neutral
8/10/2026	TTD Trade Desk	Downgrade	$14.00	$10.00	Neutral ➝ Underperform
8/7/2026	CART Maplebear	Upgrade	$47.00	$56.00	Underperform ➝ Neutral
8/7/2026	PH Parker-Hannifin	Reiterated Rating	$951.00	$1,090.00 ➝ $1,220.00	Outperform ➝ Outperform
8/6/2026	SHAK Shake Shack	Boost Price Target	$63.00	$77.00 ➝ $81.00	Outperform ➝ Outperform
8/6/2026	EMR Emerson Electric	Boost Price Target	$151.00	$180.00 ➝ $185.00
8/6/2026	HONA Honeywell Aerospace	Lower Price Target	$152.00	$245.00 ➝ $210.00	Neutral ➝ Neutral
8/5/2026	ARE Alexandria Real Estate Equities	Boost Price Target	$50.00	$45.00 ➝ $48.00	Underperform ➝ Underperform
8/5/2026	LDOS Leidos	Boost Price Target	$128.00	$165.00 ➝ $175.00	Outperform ➝ Outperform
8/5/2026	AME AMETEK	Boost Price Target	$237.00	$270.00 ➝ $280.00	Outperform ➝ Outperform
8/5/2026	ZBRA Zebra Technologies	Reiterated Rating	$345.00	$370.00 ➝ $455.00	Outperform ➝ Outperform
8/4/2026	AMRC Ameresco	Upgrade	$23.00	$34.00 ➝ $40.00	Neutral ➝ Outperform
8/4/2026	HSBC HSBC	Downgrade	$105.00		Hold ➝ Strong Sell
8/3/2026	BA Boeing	Upgrade	$207.00	$230.00 ➝ $300.00	Underperform ➝ Outperform
8/3/2026	LEA Lear	Downgrade	$127.00		Outperform ➝ Neutral
7/31/2026	RTO Rentokil Initial	Downgrade	$23.00	$26.70	Outperform ➝ Neutral
7/30/2026	OI O-I Glass	Downgrade	$7.00	$8.50	Outperform ➝ Neutral
7/30/2026	F Ford Motor	Boost Price Target	$13.00	$14.00 ➝ $14.50	Neutral ➝ Neutral
7/30/2026	ADNT Adient	Upgrade	$18.00	$26.00	Neutral ➝ Outperform
7/30/2026	CVNA Carvana	Lower Price Target	$73.00	$86.00 ➝ $69.00	Neutral ➝ Hold
7/30/2026	APH Amphenol	Boost Price Target	$81.00	$100.00 ➝ $107.50	Outperform ➝ Outperform
7/30/2026	VLTO Veralto	Reiterated Rating	$95.00	$115.00 ➝ $120.00	Outperform ➝ Outperform
7/30/2026	SBUX Starbucks	Boost Price Target	$100.00	$87.00 ➝ $92.00	Underperform ➝ Underperform
7/30/2026	LHX L3Harris Technologies	Lower Price Target	$251.00	$330.00 ➝ $310.00	Neutral ➝ Neutral
7/30/2026	GD General Dynamics	Boost Price Target	$353.00	$390.00 ➝ $430.00	Outperform ➝ Outperform
7/29/2026	WPC W.P. Carey	Upgrade	$70.00	$73.00 ➝ $88.00	Neutral ➝ Outperform
7/29/2026	MDLZ Mondelez International	Boost Price Target	$62.00	$68.00 ➝ $70.00	Outperform ➝ Outperform
7/29/2026	HRI Herc	Boost Price Target	$145.00	$160.00 ➝ $165.00	Neutral ➝ Neutral
7/28/2026	TRU TransUnion	Upgrade	$77.00		Neutral ➝ Outperform
7/28/2026	ISRG Intuitive Surgical	Upgrade	$353.00		Outperform
7/28/2026	FMS Fresenius Medical Care AG & Co. KGaA	Downgrade	$22.00	$19.90	Neutral ➝ Underperform
7/28/2026	CKSNF Vesuvius	Downgrade	$4.00		Outperform ➝ Neutral
7/28/2026	NTR Nutrien	Upgrade	$81.00	$80.00	Neutral ➝ Outperform
7/28/2026	NTR Nutrien	Upgrade	$81.00	$80.00	Neutral ➝ Outperform
7/28/2026	FMS Fresenius Medical Care AG & Co. KGaA	Upgrade	$22.00		Strong Sell
7/28/2026	NTR Nutrien	Upgrade	C$112.00		Hold ➝ Strong-Buy
7/27/2026	BSP Bending Spoons	Initiated Coverage	$38.00	$40.00	Outperform
7/27/2026	BSP Bending Spoons	Upgrade	$38.00		Strong-Buy
7/24/2026	JDSPY JD Sports Fashion	Upgrade	$1.00		Neutral ➝ Outperform
7/24/2026	WBRBY Wienerberger	Downgrade	$4.00		Neutral
7/24/2026	ROL Rollins	Lower Price Target	$35.00	$63.00 ➝ $44.00	Neutral ➝ Hold
7/22/2026	NKE NIKE	Reiterated Rating	$37.00		Underperform ➝ Underperform
7/22/2026	EFX Equifax	Boost Price Target	$168.00	$185.00 ➝ $190.00	Neutral ➝ Neutral
7/21/2026	RTOXF Rotork	Downgrade	$7.00		Outperform ➝ Neutral
7/21/2026	PYPL PayPal	Boost Price Target	$52.00	$43.50 ➝ $52.00	Neutral ➝ Neutral
7/21/2026	NEM Newmont	Lower Price Target	$129.00	$111.00 ➝ $102.00	Neutral ➝ Neutral
7/21/2026	V Visa	Upgrade	$368.00		Strong-Buy
7/20/2026	CLX Clorox	Lower Price Target	$90.00	$97.00 ➝ $95.00	Neutral ➝ Neutral
7/17/2026	AHEXY Adecco	Upgrade	$15.00		Hold ➝ Strong-Buy
7/16/2026	PNR Pentair	Reiterated Rating	$58.00	$75.00 ➝ $64.00	Underperform ➝ Underperform
7/15/2026	HAS Hasbro	Lower Price Target	$89.00	$117.00 ➝ $114.00	Outperform ➝ Outperform
7/14/2026	F Ford Motor	Boost Price Target	$13.00	$13.00 ➝ $14.00	Neutral ➝ Neutral
7/14/2026	CMCSA Comcast	Lower Price Target	$25.00	$25.00 ➝ $22.00	Underperform ➝ Underperform
7/14/2026	HRL Hormel Foods	Boost Price Target	$21.00	$26.00 ➝ $27.00	Neutral ➝ Neutral
7/14/2026	CABO Cable One	Upgrade	$21.00	$60.00 ➝ $40.00	Underperform ➝ Neutral
7/14/2026	VZ Verizon Communications	Lower Price Target	$50.00	$46.00 ➝ $44.00	Neutral ➝ Neutral
7/14/2026	VIK Viking	Reiterated Rating	$85.00	$104.00 ➝ $121.00	Outperform ➝ Outperform
7/14/2026	CHTR Charter Communications	Lower Price Target	$134.00	$150.00 ➝ $120.00	Underperform ➝ Underperform
7/13/2026	NAVN Navan	Boost Price Target	$26.00	$27.00 ➝ $30.00	Outperform ➝ Outperform
7/13/2026	FPRUY Fraport	Upgrade	$37.00		Outperform
7/13/2026	WHR Whirlpool	Initiated Coverage	$37.00	$43.00	Neutral ➝ Neutral
7/13/2026	WST West Pharmaceutical Services	Initiated Coverage	$338.00	$447.00	Outperform
7/9/2026	SSLLF Siltronic	Upgrade	$93.00		Outperform
7/8/2026	APEMY Aperam	Downgrade	$57.00		Hold ➝ Strong Sell
7/8/2026	ANIOY Acerinox	Downgrade	$10.00		Neutral ➝ Underperform
7/8/2026	RIVN Rivian Automotive	Boost Price Target	$16.00	$22.00 ➝ $24.00	Outperform ➝ Outperform
7/8/2026	CMC Commercial Metals	Upgrade	$69.00	$75.00	Neutral ➝ Outperform
7/8/2026	PEP PepsiCo	Lower Price Target	$137.00	$195.00 ➝ $183.00	Outperform ➝ Outperform
7/7/2026	DSRLF DiaSorin	Downgrade	$86.00		Neutral ➝ Underperform