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
4/27/2026	TSLA Tesla	Upgrade	$379.00		Underperform ➝ Neutral
4/27/2026	SECCF Serco Group	Initiated Coverage	$4.00		Neutral
4/27/2026	PAHGF Pets at Home Group	Initiated Coverage	$3.00		Neutral
4/27/2026	GRWXF Molten Ventures	Initiated Coverage	$8.00		Outperform
4/27/2026	MITFF Mitie Group	Initiated Coverage	$2.00		Neutral
4/27/2026	KNNNF Kainos Group	Initiated Coverage	$10.00		Outperform
4/27/2026	SVLPF Savills	Initiated Coverage	$13.00		Outperform
4/27/2026	IWGFF IWG	Initiated Coverage	$3.00		Outperform
4/27/2026	KIERF Kier Group	Initiated Coverage	$3.00		Neutral
4/27/2026	JSVGF Johnson Service Group	Initiated Coverage	$2.00		Outperform
4/27/2026	GENSF Genus	Initiated Coverage	$33.00		Neutral
4/27/2026	GGGSF Greggs	Initiated Coverage	$22.00		Underperform
4/27/2026	CRWKF Cranswick	Initiated Coverage	$64.00		Neutral
4/27/2026	SNAP Snap	Downgrade	$6.00		Neutral
4/27/2026	GEV GE Vernova	Downgrade	$1,119.00	$1,190.00	Outperform ➝ Neutral
4/27/2026	EFX Equifax	Lower Price Target	$171.00	$210.00 ➝ $195.00	Neutral ➝ Neutral
4/24/2026	MS Morgan Stanley	Boost Price Target	$190.00	$195.00 ➝ $205.00	Neutral ➝ Neutral
4/24/2026	DLR Digital Realty Trust	Boost Price Target	$196.00	$196.00 ➝ $224.00	Outperform ➝ Outperform
4/24/2026	LMT Lockheed Martin	Lower Price Target	$513.00	$770.00 ➝ $680.00	Outperform ➝ Outperform
4/24/2026	GS The Goldman Sachs Group	Lower Price Target	$938.00	$970.00 ➝ $940.00	Neutral ➝ Neutral
4/23/2026	T AT&T	Lower Price Target	$26.00	$28.00 ➝ $26.00	Neutral ➝ Neutral
4/23/2026	PG Procter & Gamble	Lower Price Target	$148.00	$172.00 ➝ $165.00	Outperform ➝ Outperform
4/23/2026	LRCX Lam Research	Boost Price Target	$259.00	$250.00 ➝ $260.00	Neutral ➝ Neutral
4/22/2026	MBLY Mobileye Global	Lower Price Target	$9.00	$11.50 ➝ $8.50	Neutral ➝ Neutral
4/22/2026	XPEV XPENG	Downgrade	$17.00		Neutral ➝ Underperform
4/22/2026	LI Li Auto	Upgrade	$18.00		Underperform ➝ Neutral
4/22/2026	KDP Keurig Dr Pepper	Upgrade	$28.00	$28.00	Underperform ➝ Neutral
4/22/2026	GMAB Genmab A/S	Upgrade	$27.00		Hold ➝ Strong-Buy
4/22/2026	TSCO Tractor Supply	Lower Price Target	$36.00	$58.00 ➝ $45.00	Outperform ➝ Outperform
4/22/2026	GE GE Aerospace	Boost Price Target	$285.00	$290.00 ➝ $300.00	Underperform ➝ Underperform
4/21/2026	ENGGY Enagas	Upgrade	$10.00		Neutral
4/21/2026	INTC Intel	Upgrade	$85.00	$60.00	Underperform ➝ Buy
4/21/2026	INTC Intel	Set Price Target	$85.00	$60.00	Underperform ➝ Neutral
4/21/2026	SILA Sila Realty Trust	Reiterated Rating	$30.00	$28.00 ➝ $31.00	Outperform ➝ Neutral
4/21/2026	MICC Magnum Ice Cream	Downgrade	$13.00		Neutral
4/21/2026	LUV Southwest Airlines	Boost Price Target	$38.00	$24.00 ➝ $33.00	Underperform ➝ Underperform
4/21/2026	DAL Delta Air Lines	Lower Price Target	$68.00	$85.00 ➝ $81.00	Outperform ➝ Outperform
4/20/2026	ULS UL Solutions	Initiated Coverage	$88.00	$95.00	Neutral
4/20/2026	MLSPF Melrose Industries	Initiated Coverage	$7.00		Neutral
4/20/2026	SNY Sanofi	Downgrade	$46.00	$50.00	Outperform ➝ Neutral
4/20/2026	THO Thor Industries	Initiated Coverage	$79.00		Neutral
4/20/2026	ULS UL Solutions	Initiated Coverage	$88.00		Hold
4/20/2026	PPG PPG Industries	Boost Price Target	$110.00	$112.00 ➝ $115.00	Neutral ➝ Neutral
4/20/2026	NUE Nucor	Boost Price Target	$215.00	$185.00 ➝ $210.00	Outperform ➝ Outperform
4/17/2026	AAPL Apple	Upgrade	$267.00	$300.00	Neutral ➝ Outperform
4/17/2026	QCOM Qualcomm	Downgrade	$150.00	$180.00 ➝ $120.00	Outperform ➝ Neutral
4/17/2026	TTE TotalEnergies	Upgrade	$89.00		Neutral ➝ Outperform
4/17/2026	CVX Chevron	Upgrade	$185.00	$174.00	Neutral ➝ Outperform
4/17/2026	XOM ExxonMobil	Set Price Target	$148.00	$125.00 ➝ $165.00	Underperform ➝ Neutral
4/17/2026	SHEL Shell	Set Price Target	$87.00	$101.00	Outperform ➝ Neutral
4/17/2026	BP BP	Set Price Target	$46.00	$57.00	Neutral ➝ Outperform
4/17/2026	E ENI	Upgrade	$54.00	$64.30	Neutral ➝ Outperform
4/17/2026	BP BP	Upgrade	$46.00	$57.00	Neutral ➝ Outperform
4/17/2026	SHEL Shell	Downgrade	$87.00	$101.00	Strong-Buy ➝ Neutral
4/17/2026	PLD Prologis	Boost Price Target	$140.00	$140.00 ➝ $150.00	Outperform ➝ Outperform
4/17/2026	XOM ExxonMobil	Upgrade	$148.00	$125.00 ➝ $165.00	Underperform ➝ Neutral
4/17/2026	PEP PepsiCo	Boost Price Target	$154.00	$191.00 ➝ $195.00	Outperform ➝ Outperform
4/17/2026	BP BP	Upgrade	$572.00		Neutral ➝ Outperform
4/17/2026	SHEL Shell	Downgrade	$3,252.00		Outperform ➝ Neutral
4/15/2026	COHR Coherent	Boost Price Target	$322.00	$250.00 ➝ $335.00	Outperform ➝ Outperform
4/14/2026	SCMWY Swisscom	Downgrade	$83.00		Outperform ➝ Hold
4/14/2026	CARR Carrier Global	Initiated Coverage	$62.00	$62.00	Neutral
4/14/2026	VRT Vertiv	Initiated Coverage	$322.00	$345.00	Outperform
4/14/2026	JCI Johnson Controls International	Initiated Coverage	$144.00	$120.00	Underperform
4/14/2026	JAN JAN	Initiated Coverage	$25.00	$27.00	Outperform
4/14/2026	SCBFF Standard Chartered	Upgrade	$24.00		Outperform
4/14/2026	BCS Barclays	Downgrade	$23.00		Outperform ➝ Neutral
4/14/2026	JAN JAN	Initiated Coverage	$25.00	$27.00	Outperform
4/14/2026	APTV Aptiv	Lower Price Target	$60.00	$107.00 ➝ $83.00	Outperform ➝ Outperform
4/14/2026	CARR Carrier Global	Initiated Coverage	$62.00	$62.00	Neutral
4/14/2026	HSBC HSBC	Downgrade	$90.00		Outperform ➝ Neutral
4/14/2026	JCI Johnson Controls International	Initiated Coverage	$144.00	$120.00	Underperform
4/14/2026	VRT Vertiv	Initiated Coverage	$322.00	$345.00	Outperform
4/14/2026	TT Trane Technologies	Initiated Coverage	$486.00	$550.00	Outperform
4/14/2026	LII Lennox International	Initiated Coverage	$502.00	$535.00	Neutral
4/14/2026	PWR Quanta Services	Initiated Coverage	$638.00		Neutral
4/13/2026	MTUAY MTU Aero Engines	Initiated Coverage	$170.00		Outperform
4/13/2026	SAFRY Safran	Initiated Coverage	$80.00		Neutral
4/13/2026	EADSY Airbus	Initiated Coverage	$49.00		Neutral
4/10/2026	MSFT Microsoft	Lower Price Target	$425.00	$659.00 ➝ $556.00	Outperform ➝ Outperform
4/10/2026	HCMLY Holcim	Upgrade	$19.00		Strong Sell ➝ Hold
4/10/2026	FIS Fidelity National Information Services	Lower Price Target	$46.00	$47.00 ➝ $40.00	Underperform ➝ Underperform
4/10/2026	PYPL PayPal	Boost Price Target	$50.00	$41.00 ➝ $43.50	Neutral ➝ Neutral
4/10/2026	FISV Fiserv	Lower Price Target	$61.00	$64.00 ➝ $63.00	Neutral ➝ Neutral
4/10/2026	GPN Global Payments	Lower Price Target	$68.00	$64.00 ➝ $60.00	Underperform ➝ Underperform
4/9/2026	SJM J. M. Smucker	Set Price Target	$95.00	$125.00
4/9/2026	DCCPF DCC	Upgrade	$61.00		Outperform
4/9/2026	FLO Flowers Foods	Lower Price Target	$9.00	$10.00 ➝ $8.00	Underperform ➝ Underperform
4/9/2026	CAG Conagra Brands	Downgrade	$14.00	$19.00 ➝ $16.00	Outperform ➝ Neutral
4/9/2026	CPB Campbell's	Lower Price Target	$21.00	$22.00 ➝ $19.00	Underperform ➝ Underperform
4/9/2026	KHC Kraft Heinz	Lower Price Target	$22.00	$19.00 ➝ $18.00	Underperform ➝ Underperform
4/8/2026	CMCSA Comcast	Lower Price Target	$28.00	$26.00 ➝ $25.00	Underperform ➝ Underperform
4/7/2026	AEG Aegon	Initiated Coverage	$8.00	$10.00	Outperform
4/7/2026	IFF International Flavors & Fragrances	Lower Price Target	$71.00	$88.00 ➝ $85.00	Outperform ➝ Outperform
4/7/2026	GD General Dynamics	Boost Price Target	$313.00	$410.00 ➝ $430.00	Outperform ➝ Outperform
4/7/2026	LMT Lockheed Martin	Boost Price Target	$513.00	$740.00 ➝ $770.00	Outperform ➝ Outperform
4/2/2026	CAG Conagra Brands	Lower Price Target	$14.00	$22.00 ➝ $19.00	Outperform ➝ Outperform
4/2/2026	LW Lamb Weston	Lower Price Target	$43.00	$48.00 ➝ $41.00	Neutral ➝ Neutral
4/1/2026	NKE NIKE	Lower Price Target	$45.00	$35.00 ➝ $23.00	Underperform ➝ Underperform
4/1/2026	MKC McCormick & Company, Incorporated	Lower Price Target	$50.00	$83.00 ➝ $75.00	Outperform ➝ Outperform