Exane BNP Paribas Stock Recommendations and Price Targets

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

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
12/14/2022	BCS Barclays	Upgrade	$9.00		Neutral ➝ Outperform	Low
12/14/2022	COLD Americold Realty Trust	Initiated Coverage	$23.00		Outperform	Low
12/14/2022	IRM Iron Mountain	Initiated Coverage	$75.00		Outperform	Low
12/14/2022	DLR Digital Realty Trust	Initiated Coverage	$138.00	$128.00	Neutral	Low
12/14/2022	EQIX Equinix	Initiated Coverage	$744.00		Outperform	Low
12/13/2022	CHYHY Chr. Hansen Holding A/S	Upgrade	$20.00		Underperform ➝ Neutral	Low
12/8/2022	VWAGY Volkswagen	Downgrade	$15.00		Neutral ➝ Underperform	Low
12/5/2022	FNNTF flatexDEGIRO	Downgrade	$11.00		Outperform ➝ Neutral	Low
12/1/2022	PSO Pearson	Downgrade	$12.00		Outperform ➝ Neutral	Low
12/1/2022	ALIZY Allianz	Downgrade	€28.00	€210.00	Outperform ➝ Neutral	Low
12/1/2022	WTKWY Wolters Kluwer	Downgrade	$151.00		Neutral ➝ Underperform	Low
12/1/2022	TRI Thomson Reuters	Downgrade	$152.00		Neutral ➝ Underperform	Low
11/30/2022	MLSPF Melrose Industries	Upgrade	$8.00		Neutral ➝ Outperform	Low
11/30/2022	ASAZY ASSA ABLOY AB (publ)	Upgrade	$14.00		Underperform ➝ Neutral	Low
11/30/2022	TRATF Traton	Upgrade	€38.00	€15.00	Underperform ➝ Neutral	Low
11/30/2022	LGRDY Legrand	Downgrade	€20.00	€85.00	Outperform ➝ Neutral	Low
11/30/2022	RXEEY Rexel	Downgrade	$25.00		Outperform ➝ Underperform	Low
11/30/2022	SMGZY Smiths Group	Downgrade	GBX 20	GBX 1,650	Outperform ➝ Neutral	Low
11/30/2022	KNYJY KONE Oyj	Downgrade	$23.00		Outperform ➝ Neutral	Low
11/30/2022	ELUXY AB Electrolux (publ)	Upgrade	SEK 16	SEK 170	Neutral ➝ Outperform	Low
11/30/2022	ABBNY ABB	Downgrade	$49.00		Neutral ➝ Underperform	Low
11/30/2022	NXPRF Nexans	Downgrade	$107.00		Outperform ➝ Neutral	Low
11/30/2022	CHRW C.H. Robinson Worldwide	Initiated Coverage	$69.00	$128.00	Outperform	Low
11/30/2022	UPS United Parcel Service	Downgrade	$143.00		Neutral ➝ Underperform	Low
11/29/2022	PCAR PACCAR	Upgrade	$116.00		Underperform ➝ Neutral	Low
11/28/2022	TPRKY Travis Perkins	Downgrade	$9.00		Outperform ➝ Neutral	Low
11/28/2022	KGSPY Kingspan Group	Downgrade	$86.00		Outperform ➝ Neutral	Low
11/28/2022	RKWAF Rockwool A/S	Downgrade	$379.00		Neutral ➝ Underperform	N/A
11/22/2022	ETTYF Essity AB (publ)	Upgrade	$23.00		Neutral ➝ Outperform	Low
11/18/2022	CTTAY Continental Aktiengesellschaft	Downgrade	$7.00		Outperform ➝ Neutral	Low
11/18/2022	MGDDY Compagnie Générale des Établissements Michelin Société en commandite par actions	Downgrade	€18.00	€25.00	Neutral ➝ Underperform	Low
11/18/2022	LGGNY Legal & General Group	Upgrade	$16.00		Neutral ➝ Outperform	Low
11/17/2022	LCTSF Lectra	Downgrade	$32.00		Outperform ➝ Neutral	N/A
11/15/2022	SLFPF abrdn	Downgrade	GBX 2	GBX 195	Neutral ➝ Underperform	Low
11/15/2022	CAG Conagra Brands	Initiated Coverage	$30.00		Outperform	Low
11/15/2022	KHC Kraft Heinz	Initiated Coverage	$37.00	$39.00	Underperform ➝ Neutral	Low
11/15/2022	CPB Campbell Soup	Initiated Coverage	$44.00		Underperform	Low
11/15/2022	MDLZ Mondelez International	Initiated Coverage	$67.00	$68.00	Underperform ➝ Neutral	Low
11/15/2022	K Kellanova	Initiated Coverage	$56.00	$66.00	Underperform	Low
11/15/2022	GIS General Mills	Initiated Coverage	$69.00	$90.00	Underperform ➝ Outperform	Low
11/15/2022	MKC McCormick & Company, Incorporated	Initiated Coverage	$73.00	$94.00	Underperform ➝ Outperform	Low
11/15/2022	SJM J. M. Smucker	Initiated Coverage	$110.00		Underperform	Low
11/15/2022	HSY Hershey	Initiated Coverage	$184.00	$235.00	Underperform ➝ Neutral	Low
11/14/2022	THNPF Technip Energies	Upgrade	$25.00		Neutral ➝ Outperform	Low
11/11/2022	CRARY Crédit Agricole	Downgrade	€7.00	€12.00	Outperform ➝ Neutral	Low
11/10/2022	BRBOF Brembo	Upgrade	€13.00	€11.10 ➝ €13.80	Neutral ➝ Outperform	Low
11/8/2022	E ENI	Initiated Coverage	$32.00		Outperform ➝ Outperform	Low
11/8/2022	SMTGF SMA Solar Technology	Upgrade	€52.00	€62.00	Neutral ➝ Outperform	Low
11/8/2022	DRPRF Dr. Ing. h.c. F. Porsche	Initiated Coverage	€103.00	€107.00	Neutral	N/A
11/7/2022	CMPUY CompuGroup Medical SE & Co. KGaA	Upgrade	$32.00		Neutral ➝ Outperform	Low
11/7/2022	AVEVF AVEVA Group	Downgrade	GBX 40	GBX 3,100	Outperform ➝ Neutral	N/A
11/4/2022	JSAIY J Sainsbury	Downgrade	GBX 13	GBX 210	Outperform ➝ Neutral	Low
11/2/2022	AFLYY Air France-KLM	Downgrade	$1.00		Neutral ➝ Underperform	Low
11/2/2022	DLAKY Deutsche Lufthansa	Upgrade	$7.00		Underperform ➝ Neutral	Low
11/2/2022	ANYYY Aena S.M.E.	Upgrade	$19.00		Neutral ➝ Outperform	N/A
11/2/2022	FPRUY Fraport	Upgrade	€24.00	€47.00	Neutral ➝ Outperform	Low
11/2/2022	AEOXF Aeroports de Paris	Upgrade	€125.00	€126.00	Underperform ➝ Neutral	Low
11/2/2022	UZAPF Flughafen Zürich	Downgrade	CHF 202	CHF 168	Outperform ➝ Neutral	Low
11/1/2022	XOM Exxon Mobil	Upgrade	$119.00	$115.00	Underperform ➝ Neutral	Low
10/31/2022	DSRLF DiaSorin	Upgrade	€88.00	€135.00	Underperform ➝ Neutral	N/A
10/28/2022	KKPNY Koninklijke KPN	Upgrade	$4.00		Neutral ➝ Outperform	Low
10/28/2022	AXTA Axalta Coating Systems	Downgrade	$32.00	$27.00	Outperform ➝ Neutral	Low
10/26/2022	ENGGY ENAGAS S A/ADR	Upgrade	€7.00	€16.00	Underperform ➝ Neutral	Low
10/26/2022	HSBC HSBC	Upgrade	$40.00		Underperform ➝ Neutral	Low
10/26/2022	SEBYF SEB	Downgrade	€121.00	€70.00	Outperform ➝ Neutral	N/A
10/20/2022	JNPKF Jenoptik	Initiated Coverage	€33.00	€27.00	Outperform	Low
10/19/2022	LOW Lowe's Companies	Downgrade	$231.00	$159.00	Neutral ➝ Underperform	Low
10/19/2022	HD Home Depot	Downgrade	$335.00	$286.00	Outperform ➝ Neutral	Low
10/18/2022	CLF Cleveland-Cliffs	Downgrade	$21.00	$14.30	Neutral ➝ Underperform	Low
10/18/2022	GPN Global Payments	Downgrade	$123.00	$115.00	Outperform ➝ Neutral	Low
10/17/2022	BWAGF BAWAG Group	Initiated Coverage	$65.00		Outperform	Low
10/14/2022	TPG TPG	Downgrade	$43.00		Outperform ➝ Neutral	Low
10/12/2022	TAGOF TAG Immobilien	Downgrade	$13.00		Outperform ➝ Underperform	Low
10/11/2022	EXXRF Exor	Initiated Coverage	$107.00		Neutral	Low
10/10/2022	ADRNY Koninklijke Ahold Delhaize	Upgrade	€29.00	€31.50	Neutral ➝ Outperform	Low
10/10/2022	KR Kroger	Upgrade	$55.00		Neutral ➝ Outperform	Low
10/10/2022	NVZMY Novozymes A/S	Downgrade	55.00	370.00	Neutral ➝ Underperform	Low
10/6/2022	MYBUF Meyer Burger Technology	Initiated Coverage	$0.00		Outperform	Low
10/6/2022	ERMAY Eramet	Downgrade	$8.00		Outperform ➝ Neutral	Low
10/6/2022	GMVHF Entain	Initiated Coverage	$10.00		Outperform	Low
10/6/2022	ANFGF Antofagasta	Downgrade	GBX 28	GBX 1,060	Neutral ➝ Underperform	Low
10/6/2022	NGLOY Anglo American	Downgrade	$14.00		Outperform ➝ Neutral	Low
10/6/2022	DKNG DraftKings	Initiated Coverage	$42.00		Underperform	Low
10/6/2022	FQVLF First Quantum Minerals	Downgrade	C$11.00	C$26.00	Outperform ➝ Neutral	Low
10/6/2022	AIAGY Aurubis	Upgrade	$42.00		Neutral ➝ Outperform	Low
10/6/2022	FCX Freeport-McMoRan	Downgrade	$50.00	$29.00	Outperform ➝ Neutral	Low
10/6/2022	SMTGF SMA Solar Technology	Initiated Coverage	€52.00	€50.00	Neutral	Low
10/6/2022	FLUT Flutter Entertainment	Initiated Coverage	$184.00		Outperform	Low
10/3/2022	LOGI Logitech International	Downgrade	$79.00		Neutral ➝ Underperform	Low
9/30/2022	SLFPF abrdn	Upgrade	GBX 2	GBX 150	Underperform ➝ Neutral	Low
9/28/2022	IMYSF Imerys	Upgrade	$31.00	$36.00	Neutral ➝ Outperform	Low
9/27/2022	ICGUF Intermediate Capital Group	Upgrade	$26.00		Underperform ➝ Neutral	Low
9/26/2022	IMQCF Inmobiliaria Colonial, SOCIMI	Downgrade	€5.00	€6.00	Outperform ➝ Neutral	Low
9/26/2022	CDMGF Icade	Downgrade	€27.00	€41.00	Outperform ➝ Neutral	Low
9/21/2022	FTI TechnipFMC	Upgrade	$26.00		Neutral ➝ Outperform	Low
9/21/2022	ONON ON	Initiated Coverage	$33.00		Outperform	Low
9/21/2022	SHOO Steven Madden	Initiated Coverage	$39.00		Outperform	Low
9/21/2022	CROX Crocs	Initiated Coverage	$122.00		Neutral	Low
9/20/2022	DITHF DS Smith	Upgrade	GBX 5	GBX 250	Underperform ➝ Neutral	Low
9/20/2022	CX CEMEX	Downgrade	$8.00		Outperform ➝ Neutral	Low