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
10/21/2026	COST Costco Wholesale	Initiated Coverage	$1,012.00	$1,050.00	Outperform
10/18/2026	MLCO Melco Resorts & Entertainment	Downgrade	$4.00		Outperform ➝ Market Perform
9/13/2026	DE Deere & Company	Initiated Coverage	$675.00		Outperform
8/31/2026	EL Estee Lauder Companies	Upgrade	$109.00	$65.00 ➝ $122.00	Neutral ➝ Outperform
8/23/2026	CMI Cummins	Initiated Coverage	$501.00	$781.00	Outperform
8/23/2026	AZN AstraZeneca	Initiated Coverage	$186.00	$198.00	Outperform
8/20/2026	RERE ATRenew	Initiated Coverage	$4.00		Outperform
8/16/2026	MDEVF Melco International Development	Downgrade	$0.00		Market Perform
8/12/2026	HLT Hilton Worldwide	Initiated Coverage	$357.00		Outperform
8/12/2026	MAR Marriott International	Initiated Coverage	$399.00	$410.00	Outperform
8/6/2026	SBUX Starbucks	Boost Price Target	$104.00	$95.00 ➝ $110.00	Outperform ➝ Outperform
8/4/2026	AAPL Apple	Boost Price Target	$345.00	$310.00 ➝ $340.00	Outperform ➝ Outperform
7/31/2026	HOOD Robinhood Markets	Boost Price Target	$85.00	$100.00 ➝ $110.00	Outperform ➝ Outperform
7/31/2026	META Meta Platforms	Lower Price Target	$615.00	$773.00 ➝ $700.00	Outperform ➝ Outperform
7/30/2026	KO Coca-Cola	Boost Price Target	$94.00	$85.00 ➝ $95.00	Outperform ➝ Outperform
7/26/2026	SCCO Southern Copper	Downgrade	$178.00		Market Perform
7/23/2026	IBKR Interactive Brokers Group	Boost Price Target	$77.00	$90.00 ➝ $110.00	Outperform ➝ Outperform
7/21/2026	NFLX Netflix	Lower Price Target	$62.00	$110.00 ➝ $90.00	Outperform ➝ Outperform
7/2/2026	NKE NIKE	Lower Price Target	$39.00	$58.00 ➝ $44.80	Neutral ➝ Neutral
6/24/2026	MRK Merck & Co., Inc.	Initiated Coverage	$150.00	$138.00	Outperform
6/23/2026	TTE TotalEnergies	Initiated Coverage	$95.00		Outperform
6/5/2026	ABNB Airbnb	Initiated Coverage	$164.00	$165.00	Outperform
5/25/2026	NUE Nucor	Initiated Coverage	$273.00		Outperform
5/22/2026	NVDA NVIDIA	Boost Price Target	$205.00	$240.60 ➝ $268.30	Outperform ➝ Outperform
5/21/2026	MTZ MasTec	Initiated Coverage	$186.00	$480.00	Outperform
5/21/2026	PWR Quanta Services	Initiated Coverage	$620.00	$872.00	Outperform
5/19/2026	MS Morgan Stanley	Boost Price Target	$184.00	$175.00 ➝ $200.00	Outperform ➝ Outperform
5/19/2026	GS The Goldman Sachs Group	Boost Price Target	$892.00	$825.00 ➝ $980.00	Outperform ➝ Outperform
5/18/2026	CSCO Cisco Systems	Boost Price Target	$105.00	$96.00 ➝ $125.00	Outperform ➝ Outperform
5/13/2026	CTVA Corteva	Boost Price Target	$12.00	$80.00 ➝ $93.00	Outperform
5/11/2026	DDOG Datadog	Boost Price Target	$235.00	$150.00 ➝ $204.00
5/1/2026	GOOGL Alphabet	Boost Price Target	$280.00	$388.00 ➝ $407.91	Outperform ➝ Outperform
4/28/2026	FCX Freeport-McMoRan	Lower Price Target	$62.00	$64.40 ➝ $63.40	Outperform ➝ Outperform
4/27/2026	GEV GE Vernova	Boost Price Target	$855.00	$857.00 ➝ $1,175.00	Outperform ➝ Outperform
4/19/2026	MLCO Melco Resorts & Entertainment	Upgrade	$4.00		Outperform
4/16/2026	PFE Pfizer	Initiated Coverage	$30.00	$33.00	Outperform
4/14/2026	NU NU	Initiated Coverage	$12.00	$18.00	Outperform
4/6/2026	NKE NIKE	Downgrade	$39.00	$69.00 ➝ $58.00	Outperform ➝ Market Perform
3/12/2026	MNST Monster Beverage	Boost Price Target	$47.00	$73.00 ➝ $80.00	Outperform ➝ Outperform
2/27/2026	NVDA NVIDIA	Boost Price Target	$205.00	$228.00 ➝ $240.60	Outperform ➝ Outperform
2/13/2026	CSCO Cisco Systems	Boost Price Target	$105.00	$84.00 ➝ $96.00	Outperform ➝ Outperform
2/11/2026	CARR Carrier Global	Lower Price Target	$53.00	$76.85 ➝ $69.78	Outperform ➝ Outperform
2/11/2026	CTVA Corteva	Boost Price Target	$12.00	$70.00 ➝ $80.00	Outperform ➝ Outperform
2/11/2026	LLY Eli Lilly and Company	Boost Price Target	$1,416.00	$1,060.00 ➝ $1,107.00	Neutral ➝ Neutral
2/6/2026	CAT Caterpillar	Initiated Coverage	$623.00		Outperform
2/3/2026	SCHW Charles Schwab	Boost Price Target	$88.00	$88.00 ➝ $120.00
2/3/2026	BLK BlackRock	Boost Price Target	$1,148.00	$1,000.00 ➝ $1,250.00
1/30/2026	MDT Medtronic	Initiated Coverage	$97.00		Outperform
1/30/2026	GM General Motors	Boost Price Target	$87.00	$80.00 ➝ $100.00	Outperform ➝ Outperform
1/26/2026	FCX Freeport-McMoRan	Boost Price Target	$62.00	$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	$50.00	$62.00	Outperform
1/14/2026	WFC Wells Fargo & Company	Initiated Coverage	$83.00	$96.00	Market Perform
1/9/2026	NVO Novo Nordisk A/S	Initiated Coverage	$40.00	$73.50	Outperform
12/26/2025	WMT Walmart	Initiated Coverage	$124.00	$125.00	Outperform
12/18/2025	TSLA Tesla	Boost Price Target	$400.00	$450.00 ➝ $500.00	Outperform ➝ Outperform
12/3/2025	LIN Linde	Initiated Coverage	$514.00	$510.00	Outperform
11/25/2025	HSAI Hesai Group	Initiated Coverage	$12.00	$23.50	Outperform
11/21/2025	NVDA NVIDIA	Boost Price Target	$205.00	$200.00 ➝ $228.00	Outperform ➝ Outperform
11/14/2025	CSCO Cisco Systems	Boost Price Target	$105.00	$78.00 ➝ $84.00	Outperform ➝ Outperform
11/13/2025	LLY Eli Lilly and Company	Boost Price Target	$1,416.00	$801.00 ➝ $1,060.00	Neutral ➝ Neutral
11/12/2025	PLTR Palantir Technologies	Boost Price Target	$184.00	$128.00 ➝ $150.00	Neutral ➝ Neutral
11/11/2025	NBIS Nebius Group	Initiated Coverage	$154.00	$143.00	Outperform
11/10/2025	EXPE Expedia Group	Upgrade	$286.00	$271.00	Market Perform ➝ Outperform
11/7/2025	BG Bunge Global	Boost Price Target	$97.00	$90.00 ➝ $110.00
11/7/2025	AMD Advanced Micro Devices	Upgrade	$505.00	$265.00	Market Perform ➝ Outperform
11/5/2025	AMZN Amazon.com	Boost Price Target	$240.00	$240.00 ➝ $280.00	Outperform ➝ Outperform
10/31/2025	GOOGL Alphabet	Boost Price Target	$280.00	$240.00 ➝ $303.00	Outperform ➝ Outperform
10/27/2025	DECK Deckers Outdoor	Lower Price Target	$82.00	$138.85 ➝ $105.37	Outperform ➝ Outperform
10/27/2025	IBKR Interactive Brokers Group	Initiated Coverage	$77.00	$78.00	Outperform
10/27/2025	HOOD Robinhood Markets	Initiated Coverage	$85.00	$155.00	Outperform
10/24/2025	LVS Las Vegas Sands	Boost Price Target	$37.00	$61.20 ➝ $67.20	Outperform ➝ Outperform
9/30/2025	TTWO Take-Two Interactive Software	Initiated Coverage	$190.00	$272.00	Outperform
9/26/2025	FCX Freeport-McMoRan	Lower Price Target	$62.00	$51.60 ➝ $42.30	Outperform ➝ Outperform
9/18/2025	TSLA Tesla	Boost Price Target	$400.00	$360.00 ➝ $450.00	Outperform ➝ Outperform
9/2/2025	ETN Eaton	Initiated Coverage	$369.00	$388.00	Outperform
8/29/2025	ALAB Astera Labs	Initiated Coverage	$259.00	$190.00	Outperform
8/21/2025	UL Unilever	Initiated Coverage	$65.00		Outperform
8/19/2025	CLS Celestica	Initiated Coverage	$265.00		Outperform
8/8/2025	DASH DoorDash	Boost Price Target	$179.00	$215.00 ➝ $275.00	Outperform ➝ Outperform
7/21/2025	PBR Petroleo Brasileiro S.A.- Petrobras	Initiated Coverage	$22.00	$16.00	Outperform
7/14/2025	CSCO Cisco Systems	Initiated Coverage	$105.00	$78.00	Outperform
7/7/2025	ROK Rockwell Automation	Initiated Coverage	$436.00	$381.00	Outperform
6/30/2025	BROS Dutch Bros	Initiated Coverage	$43.00	$80.00	Outperform
6/30/2025	SBUX Starbucks	Initiated Coverage	$104.00	$100.00	Outperform
6/20/2025	SNOW Snowflake	Initiated Coverage	$305.00	$225.00	Outperform
6/9/2025	LULU lululemon athletica	Reiterated Rating	$107.00	$280.49	Outperform ➝ Market Perform
6/6/2025	CHA Chagee	Initiated Coverage	$12.00	$41.50	Outperform
5/12/2025	VALE Vale	Initiated Coverage	$11.00	$11.30	Outperform
5/12/2025	MNST Monster Beverage	Upgrade	$47.00	$28.00 ➝ $32.50	Market Perform ➝ Outperform
5/12/2025	NET Cloudflare	Upgrade	$280.00	$154.00	Market Perform ➝ Outperform
2/19/2025	GEV GE Vernova	Initiated Coverage	$855.00		Outperform
2/7/2025	PEP PepsiCo	Reiterated Rating	$137.00		Outperform ➝ Market Perform
1/27/2025	ISRG Intuitive Surgical	Initiated Coverage	$432.00	$550.00	Neutral
1/14/2025	RBLX Roblox	Initiated Coverage	$43.00		Outperform
1/2/2025	EH EHang	Initiated Coverage	$4.00		Outperform
12/27/2024	EL Estee Lauder Companies	Initiated Coverage	$109.00	$82.00	Market Perform
11/18/2024	CRWD CrowdStrike	Initiated Coverage	$250.00	$73.75	Market Perform
11/11/2024	MNST Monster Beverage	Lower Price Target	$47.00	$58.00 ➝ $56.00	Neutral ➝ Neutral
10/7/2024	MNST Monster Beverage	Initiated Coverage	$47.00	$58.00	Market Perform