CICC Research Stock Recommendations and Price Targets

This is a list of recent ratings by CICC Research.

Date	Company Name	Action	Current Price	Price Target	Rating
6/24/2026	MRK Merck & Co., Inc.	Initiated Coverage	$124.00	$138.00	Outperform
6/23/2026	TTE TotalEnergies	Initiated Coverage	$78.00		Outperform
6/5/2026	ABNB Airbnb	Initiated Coverage	$149.00	$165.00	Outperform
5/25/2026	NUE Nucor	Initiated Coverage	$225.00		Outperform
5/22/2026	NVDA NVIDIA	Boost Price Target	$206.00	$240.60 ➝ $268.30	Outperform ➝ Outperform
5/21/2026	MTZ MasTec	Initiated Coverage	$375.00	$480.00	Outperform
5/21/2026	PWR Quanta Services	Initiated Coverage	$658.00	$872.00	Outperform
5/19/2026	MS Morgan Stanley	Boost Price Target	$223.00	$175.00 ➝ $200.00	Outperform ➝ Outperform
5/19/2026	GS The Goldman Sachs Group	Boost Price Target	$1,055.00	$825.00 ➝ $980.00	Outperform ➝ Outperform
5/18/2026	CSCO Cisco Systems	Boost Price Target	$119.00	$96.00 ➝ $125.00	Outperform ➝ Outperform
5/13/2026	CTVA Corteva	Boost Price Target	$84.00	$80.00 ➝ $93.00	Outperform
5/11/2026	DDOG Datadog	Boost Price Target	$262.00	$150.00 ➝ $204.00
5/1/2026	GOOGL Alphabet	Boost Price Target	$355.00	$388.00 ➝ $407.91	Outperform ➝ Outperform
4/28/2026	FCX Freeport-McMoRan	Lower Price Target	$61.00	$64.40 ➝ $63.40	Outperform ➝ Outperform
4/19/2026	MLCO Melco Resorts & Entertainment	Upgrade	$5.00		Outperform
4/16/2026	PFE Pfizer	Initiated Coverage	$24.00	$33.00	Outperform
4/14/2026	NU NU	Initiated Coverage	$14.00	$18.00	Outperform
4/6/2026	NKE NIKE	Downgrade	$44.00	$69.00 ➝ $58.00	Outperform ➝ Market Perform
2/27/2026	NVDA NVIDIA	Boost Price Target	$206.00	$228.00 ➝ $240.60	Outperform ➝ Outperform
2/13/2026	CSCO Cisco Systems	Boost Price Target	$119.00	$84.00 ➝ $96.00	Outperform ➝ Outperform
2/11/2026	CARR Carrier Global	Lower Price Target	$69.00	$76.85 ➝ $69.78	Outperform ➝ Outperform
2/11/2026	CTVA Corteva	Boost Price Target	$84.00	$70.00 ➝ $80.00	Outperform ➝ Outperform
2/11/2026	LLY Eli Lilly and Company	Boost Price Target	$1,194.00	$1,060.00 ➝ $1,107.00	Neutral ➝ Neutral
2/6/2026	CAT Caterpillar	Initiated Coverage	$942.00		Outperform
2/3/2026	BLK BlackRock	Boost Price Target	$1,044.00	$1,000.00 ➝ $1,250.00
1/30/2026	MDT Medtronic	Initiated Coverage	$83.00		Outperform
1/26/2026	FCX Freeport-McMoRan	Boost Price Target	$61.00	$50.40 ➝ $64.40	Outperform ➝ Outperform
1/14/2026	JPM JPMorgan Chase & Co.	Initiated Coverage	$337.00	$355.00	Outperform
1/14/2026	BAC Bank of America	Initiated Coverage	$59.00	$62.00	Outperform
1/14/2026	WFC Wells Fargo & Company	Initiated Coverage	$87.00	$96.00	Market Perform
1/9/2026	NVO Novo Nordisk A/S	Initiated Coverage	$49.00	$73.50	Outperform
12/26/2025	WMT Walmart	Initiated Coverage	$113.00	$125.00	Outperform
12/18/2025	TSLA Tesla	Boost Price Target	$410.00	$450.00 ➝ $500.00	Outperform ➝ Outperform
12/3/2025	LIN Linde	Initiated Coverage	$530.00	$510.00	Outperform
11/25/2025	HSAI Hesai Group	Initiated Coverage	$17.00	$23.50	Outperform
11/21/2025	NVDA NVIDIA	Boost Price Target	$206.00	$200.00 ➝ $228.00	Outperform ➝ Outperform
11/14/2025	CSCO Cisco Systems	Boost Price Target	$119.00	$78.00 ➝ $84.00	Outperform ➝ Outperform
11/13/2025	LLY Eli Lilly and Company	Boost Price Target	$1,194.00	$801.00 ➝ $1,060.00	Neutral ➝ Neutral
11/12/2025	PLTR Palantir Technologies	Boost Price Target	$128.00	$128.00 ➝ $150.00	Neutral ➝ Neutral
11/11/2025	NBIS Nebius Group	Initiated Coverage	$212.00	$143.00	Outperform
11/10/2025	EXPE Expedia Group	Upgrade	$273.00	$271.00	Market Perform ➝ Outperform
11/7/2025	BG Bunge Global	Boost Price Target	$115.00	$90.00 ➝ $110.00
11/7/2025	AMD Advanced Micro Devices	Upgrade	$553.00	$265.00	Market Perform ➝ Outperform
11/5/2025	AMZN Amazon.com	Boost Price Target	$246.00	$240.00 ➝ $280.00	Outperform ➝ Outperform
10/31/2025	GOOGL Alphabet	Boost Price Target	$355.00	$240.00 ➝ $303.00	Outperform ➝ Outperform
10/27/2025	IBKR Interactive Brokers Group	Initiated Coverage	$95.00	$78.00	Outperform
10/27/2025	HOOD Robinhood Markets	Initiated Coverage	$111.00	$155.00	Outperform
9/30/2025	TTWO Take-Two Interactive Software	Initiated Coverage	$244.00	$272.00	Outperform
9/26/2025	FCX Freeport-McMoRan	Lower Price Target	$61.00	$51.60 ➝ $42.30	Outperform ➝ Outperform
9/18/2025	TSLA Tesla	Boost Price Target	$410.00	$360.00 ➝ $450.00	Outperform ➝ Outperform
8/29/2025	ALAB Astera Labs	Initiated Coverage	$410.00	$190.00	Outperform
8/21/2025	UL Unilever	Initiated Coverage	$62.00		Outperform
8/19/2025	CLS Celestica	Initiated Coverage	$351.00		Outperform
7/14/2025	CSCO Cisco Systems	Initiated Coverage	$119.00	$78.00	Outperform
7/7/2025	ROK Rockwell Automation	Initiated Coverage	$466.00	$381.00	Outperform
6/30/2025	BROS Dutch Bros	Initiated Coverage	$66.00	$80.00	Outperform
6/30/2025	SBUX Starbucks	Initiated Coverage	$107.00	$100.00	Outperform
6/20/2025	SNOW Snowflake	Initiated Coverage	$267.00	$225.00	Outperform
6/9/2025	LULU lululemon athletica	Reiterated Rating	$119.00	$280.49	Outperform ➝ Market Perform
6/6/2025	CHA Chagee	Initiated Coverage	$11.00	$41.50	Outperform
5/12/2025	VALE Vale	Initiated Coverage	$14.00	$11.30	Outperform
5/12/2025	MNST Monster Beverage	Upgrade	$96.00	$56.00 ➝ $65.00	Market Perform ➝ Outperform
5/12/2025	NET Cloudflare	Upgrade	$276.00	$154.00	Market Perform ➝ Outperform
2/19/2025	GEV GE Vernova	Initiated Coverage	$1,071.00		Outperform
2/7/2025	PEP PepsiCo	Reiterated Rating	$137.00		Outperform ➝ Market Perform
1/27/2025	ISRG Intuitive Surgical	Initiated Coverage	$408.00	$550.00	Neutral
1/14/2025	RBLX Roblox	Initiated Coverage	$55.00		Outperform
1/2/2025	EH EHang	Initiated Coverage	$6.00		Outperform
12/27/2024	EL Estee Lauder Companies	Initiated Coverage	$83.00	$82.00	Market Perform
11/18/2024	CRWD CrowdStrike	Initiated Coverage	$196.00	$73.75	Market Perform
9/30/2024	ZKH ZKH Group	Initiated Coverage	$3.00	$4.00	Outperform
5/2/2024	NFLX Netflix	Initiated Coverage	$73.00	$65.00	Outperform
4/24/2024	SCCO Southern Copper	Initiated Coverage	$177.00		Outperform
3/6/2024	NVDA NVIDIA	Initiated Coverage	$206.00	$87.00	Outperform
8/28/2023	U Unity Software	Initiated Coverage	$32.00		Outperform
8/28/2023	META Meta Platforms	Initiated Coverage	$669.00		Outperform
8/18/2023	SE SEA	Downgrade	$115.00		Outperform ➝ Market Perform