Dbs Bank Stock Recommendations and Price Targets

This is a list of recent ratings by Dbs Bank.

Date	Company Name	Action	Current Price	Price Target	Rating
9/30/2026	MBGYY Mercedes-Benz Group	Upgrade	$11.00		Moderate Sell ➝ Hold
9/30/2026	AFRM Affirm	Upgrade	$76.00		Moderate Buy
9/9/2026	WDAY Workday	Upgrade	$197.00		Hold
8/28/2026	EH EHang	Downgrade	$4.00		Buy ➝ Hold
8/21/2026	MA Mastercard	Upgrade	$616.00		Moderate Buy
8/11/2026	F Ford Motor	Upgrade	$12.00		Hold ➝ Moderate Buy
8/6/2026	CVX Chevron	Upgrade	$220.00		Moderate Buy
7/13/2026	JMHLY Jardine Matheson	Initiated Coverage	$58.00		Buy
7/7/2026	QCOM Qualcomm	Upgrade	$178.00		Moderate Buy
6/23/2026	ACN Accenture	Downgrade	$225.00		Moderate Buy ➝ Hold
6/18/2026	AVGO Broadcom	Upgrade	$344.00		Moderate Buy
6/10/2026	RTX RTX	Upgrade	$187.00		Hold ➝ Moderate Buy
5/27/2026	BX Blackstone	Upgrade	$109.00		Moderate Buy
5/19/2026	ADBE Adobe	Downgrade	$252.00		Moderate Buy ➝ Hold
5/12/2026	JPM JPMorgan Chase & Co.	Upgrade	$335.00		Hold
5/11/2026	EXPE Expedia Group	Upgrade	$292.00		Hold ➝ Moderate Buy
5/7/2026	CTSH Cognizant Technology Solutions	Lower Price Target	$66.00	$80.00 ➝ $66.00
5/7/2026	HOOD Robinhood Markets	Lower Price Target	$104.00	$165.00 ➝ $100.00
5/7/2026	MS Morgan Stanley	Boost Price Target	$182.00	$185.00 ➝ $220.00
5/7/2026	GOOGL Alphabet	Boost Price Target	$349.00	$400.00 ➝ $460.00
5/7/2026	MSFT Microsoft	Lower Price Target	$539.00	$678.00 ➝ $573.00
5/7/2026	GS The Goldman Sachs Group	Boost Price Target	$892.00	$890.00 ➝ $1,050.00
4/28/2026	E ENI	Upgrade	$57.00		Hold ➝ Moderate Buy
4/17/2026	GOOGL Alphabet	Boost Price Target	$349.00	$360.00 ➝ $400.00	Buy ➝ Buy
4/7/2026	VZ Verizon Communications	Downgrade	$44.00		Moderate Buy ➝ Hold
3/27/2026	MA Mastercard	Upgrade	$616.00		Moderate Buy
3/20/2026	SBUX Starbucks	Upgrade	$97.00		Strong Sell ➝ Moderate Sell
3/16/2026	NIO NIO	Upgrade	$4.00		Hold ➝ Moderate Buy
3/16/2026	BAMXF Bayerische Motoren Werke	Upgrade	$59.00		Moderate Sell ➝ Hold
3/9/2026	KLAC KLA	Upgrade	$174.00		Hold ➝ Moderate Buy
2/13/2026	GFS GlobalFoundries	Downgrade	$49.00		Moderate Buy ➝ Hold
2/12/2026	HEINY Heineken	Downgrade	$42.00		Moderate Buy ➝ Hold
2/6/2026	PYPL PayPal	Upgrade	$57.00		Hold
2/6/2026	SZKMY Suzuki Motor	Upgrade	$53.00		Moderate Buy
2/6/2026	MA Mastercard	Upgrade	$616.00		Moderate Buy
1/23/2026	PG Procter & Gamble	Upgrade	$157.00		Hold ➝ Buy
1/23/2026	TSM Taiwan Semiconductor Manufacturing	Upgrade	$422.00		Moderate Buy
1/19/2026	DAL Delta Air Lines	Upgrade	$78.00		Moderate Buy
1/19/2026	IBM International Business Machines	Upgrade	$234.00		Hold ➝ Moderate Buy
1/13/2026	DAL Delta Air Lines	Boost Price Target	$78.00	$70.00 ➝ $80.00	Buy ➝ Buy
1/5/2026	DELL Dell Technologies	Upgrade	$472.00		Moderate Buy
12/5/2025	PG Procter & Gamble	Upgrade	$157.00		Hold
12/2/2025	MELI MercadoLibre	Upgrade	$1,857.00		Hold ➝ Moderate Buy
11/25/2025	CDEVY City Developments	Upgrade	$5.00		Moderate Buy
11/14/2025	MU Micron Technology	Boost Price Target	$931.00	$149.00 ➝ $300.00	Buy ➝ Buy
11/13/2025	PYPL PayPal	Lower Price Target	$57.00	$75.00 ➝ $70.00	Hold ➝ Hold
11/13/2025	HOOD Robinhood Markets	Boost Price Target	$104.00	$125.00 ➝ $165.00	Buy ➝ Buy
11/13/2025	AXP American Express	Boost Price Target	$314.00	$280.00 ➝ $360.00	Hold ➝ Hold
11/13/2025	GS The Goldman Sachs Group	Boost Price Target	$892.00	$800.00 ➝ $890.00	Buy ➝ Buy
11/12/2025	HOOD Robinhood Markets	Upgrade	$104.00		Moderate Buy
11/12/2025	MS Morgan Stanley	Upgrade	$182.00		Moderate Buy
11/7/2025	SBUX Starbucks	Downgrade	$97.00		Hold ➝ Strong Sell
11/6/2025	TTE TotalEnergies	Downgrade	$88.00		Moderate Buy ➝ Hold
11/5/2025	TSLA Tesla	Upgrade	$362.00		Hold
10/28/2025	PG Procter & Gamble	Upgrade	$157.00		Moderate Buy
10/27/2025	LRCX Lam Research	Boost Price Target	$277.00	$119.40 ➝ $184.20
10/27/2025	ACN Accenture	Upgrade	$225.00		Hold ➝ Moderate Buy
10/27/2025	TXN Texas Instruments	Lower Price Target	$279.00	$192.90 ➝ $180.60
10/24/2025	ALB Albemarle	Boost Price Target	$98.00	$100.00 ➝ $120.00	Buy ➝ Buy
10/22/2025	BAC Bank of America	Upgrade	$52.00		Moderate Buy
10/21/2025	WFC Wells Fargo & Company	Upgrade	$83.00		Moderate Buy
10/21/2025	JPM JPMorgan Chase & Co.	Upgrade	$335.00		Hold
10/6/2025	AVPT AvePoint	Upgrade	$15.00		Moderate Buy
10/6/2025	AMD Advanced Micro Devices	Upgrade	$562.00		Hold ➝ Moderate Buy
10/3/2025	DAL Delta Air Lines	Upgrade	$78.00		Hold ➝ Buy
10/3/2025	AMAT Applied Materials	Boost Price Target	$430.00	$193.50 ➝ $240.00
10/2/2025	EH EHang	Initiated Coverage	$4.00		Buy
10/2/2025	BMY Bristol Myers Squibb	Upgrade	$61.00		Moderate Buy
10/2/2025	FCX Freeport-McMoRan	Lower Price Target	$70.00	$51.00 ➝ $48.00
9/25/2025	BIDU Baidu	Upgrade	$83.00	$85.00 ➝ $177.00	Hold ➝ Buy
9/22/2025	C Citigroup	Downgrade	$123.00		Moderate Buy ➝ Hold
9/19/2025	LULU lululemon athletica	Lower Price Target	$99.00	$165.00 ➝ $134.00
9/17/2025	TSLA Tesla	Boost Price Target	$362.00	$300.00 ➝ $450.00
9/16/2025	ZM Zoom Communications	Upgrade	$99.00		Moderate Buy
9/10/2025	DAL Delta Air Lines	Boost Price Target	$78.00	$55.00 ➝ $60.00	Hold ➝ Hold
9/5/2025	GILD Gilead Sciences	Upgrade	$157.00		Moderate Buy
9/4/2025	FUTU Futu	Upgrade	$110.00		Moderate Buy
8/29/2025	LI Li Auto	Downgrade	$11.00		Moderate Buy ➝ Hold
8/29/2025	VRTX Vertex Pharmaceuticals	Lower Price Target	$509.00	$600.00 ➝ $480.00	Buy ➝ Buy
8/22/2025	MNSO MINISO Group	Upgrade	$11.00		Moderate Buy
8/22/2025	NVO Novo Nordisk A/S	Upgrade	$39.00		Strong Sell ➝ Hold
8/21/2025	ADP Automatic Data Processing	Upgrade	$286.00		Hold
8/21/2025	FDX FedEx	Upgrade	$296.00		Hold ➝ Moderate Buy
8/14/2025	LKNCY Luckin Coffee	Upgrade	$33.00		Moderate Buy
8/12/2025	BX Blackstone	Upgrade	$109.00		Moderate Buy
8/6/2025	EQIX Equinix	Upgrade	$996.00		Moderate Buy
8/4/2025	F Ford Motor	Downgrade	$12.00		Hold ➝ Moderate Sell
8/1/2025	MDLZ Mondelez International	Upgrade	$63.00		Hold ➝ Moderate Buy
7/28/2025	MPC Marathon Petroleum	Upgrade	$476.00		Moderate Buy
7/17/2025	WFC Wells Fargo & Company	Upgrade	$83.00		Hold ➝ Moderate Buy
7/17/2025	C Citigroup	Upgrade	$123.00		Hold ➝ Moderate Buy
6/11/2025	HPQ HP	Downgrade	$31.00		Moderate Buy ➝ Hold
6/2/2025	EW Edwards Lifesciences	Upgrade	$88.00		Hold
5/28/2025	ALIZY Allianz	Upgrade	$48.00		Strong Sell ➝ Moderate Sell
5/14/2025	HMC Honda Motor	Downgrade	$34.00		Strong-Buy ➝ Hold
5/14/2025	HLT Hilton Worldwide	Upgrade	$343.00		Hold ➝ Strong-Buy
5/14/2025	MAR Marriott International	Upgrade	$386.00		Hold ➝ Strong-Buy
5/9/2025	PEP PepsiCo	Downgrade	$128.00		Strong-Buy ➝ Hold
5/8/2025	AMD Advanced Micro Devices	Downgrade	$562.00		Strong-Buy ➝ Hold
5/7/2025	VLEEY Valeo	Downgrade	$8.00		Hold