Kepler Capital Markets Stock Recommendations and Price Targets

This is a list of recent ratings by Kepler Capital Markets.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
7/23/2021	VIVHY Vivendi	Reiterated Rating	$33.00		Buy	N/A
7/23/2021	DDAIF Daimler	Upgrade	$88.00		Hold ➝ Buy	High
7/21/2021	ELUXF Electrolux	Downgrade	$26.00	$200.00	Sell	N/A
7/20/2021	VLOWY Vallourec	Upgrade	$2.00	$8.40	Reduce ➝ Hold	Low
7/19/2021	VRBCF Virbac	Upgrade	$341.00		Hold ➝ Buy	N/A
7/19/2021	SDF K+S Aktiengesellschaft	Set Price Target	€12.00			N/A
7/16/2021	TCHBF Tecan Group	Upgrade	$541.00	$510.00	Buy	Low
7/14/2021	QGEN QIAGEN	Downgrade	$52.00	$49.53	Buy ➝ Hold	Medium
7/13/2021	ECTXF Electrolux Professional AB (publ)	Downgrade	$4.00	$62.00	Hold	N/A
7/9/2021	CEC1 Ceconomy	Set Price Target	€7.00	€6.40		N/A
7/9/2021	DOCOF DO & CO Aktiengesellschaft	Reiterated Rating	$43.00		Buy	Low
7/9/2021	QGEN QIAGEN	Upgrade	$52.00	$51.00	Buy	High
7/9/2021	SCMWY Swisscom	Upgrade	$59.00		Reduce ➝ Hold	Low
7/9/2021	VOD Vodafone Group	Set Price Target	GBX 119	GBX 165		N/A
7/9/2021	TGNOF Trigano	Reiterated Rating	$155.00		Buy	Low
7/9/2021	TCHBF Tecan Group	Upgrade	$541.00	$510.00	Buy	Low
7/8/2021	DPW Deutsche Post	Set Price Target	€59.00	€38.00		N/A
7/8/2021	AIR Airbus	Set Price Target	€112.00	€125.00		N/A
7/8/2021	SAF Safran	Set Price Target	€116.00	€145.00		N/A
7/8/2021	MTX MTU Aero Engines	Set Price Target	€208.00	€242.00		N/A
7/7/2021	SAE Shop Apotheke Europe	Set Price Target	€140.00	€105.00		N/A
7/6/2021	NYXH Nyxoah	Reiterated Rating	$33.00		Buy	High
7/6/2021	VOW3 Volkswagen	Set Price Target	€209.00	€290.00		N/A
7/5/2021	KBCSY KBC Group	Upgrade	$39.00	$63.00	Hold	Low
7/2/2021	NTOIY Neste Oyj	Downgrade	$33.00	$54.00	Hold	Low
7/2/2021	ABB ABB	Upgrade	$37.00	$36.00	Hold ➝ Buy	Medium
7/2/2021	IFNNY Infineon Technologies	Upgrade	$38.00	$38.00	Buy	Low
7/2/2021	ALV Autoliv	Downgrade	$94.00	$104.00	Hold	High
7/2/2021	BAMXF Bayerische Motoren Werke Aktiengesellschaft	Downgrade	$99.00	$80.00	Sell	High
7/2/2021	RACE Ferrari	Downgrade	$212.00	$185.00	Hold	Medium
7/2/2021	TCHBF Tecan Group	Upgrade	$541.00	$510.00	Buy	Low
7/1/2021	FUPBY Fuchs Petrolub	Downgrade	€12.00	€45.00	Buy ➝ Hold	Low
7/1/2021	EVKIF Evonik Industries	Upgrade	€34.00	€34.00	Hold ➝ Buy	Low
7/1/2021	AKZOY Akzo Nobel	Upgrade	$40.00		Reduce ➝ Hold	Low
7/1/2021	HLE HELLA GmbH & Co. KGaA	Set Price Target	€58.00	€43.00		N/A
7/1/2021	BFSA Befesa	Set Price Target	€66.00	€72.00		N/A
7/1/2021	LNZNF Lenzing Aktiengesellschaft	Downgrade	€122.00	€114.00	Buy ➝ Hold	Low
6/30/2021	VALN Valneva	Reiterated Rating	$28.00		Buy	Low
6/30/2021	G1A GEA Group Aktiengesellschaft	Set Price Target	€36.00	€47.00	Buy	N/A
6/30/2021	DB1 Deutsche Börse	Set Price Target	€148.00	€138.00	Neutral	N/A
6/30/2021	KER Kering	Set Price Target	€748.00	€850.00	Buy	N/A
6/29/2021	VAR1 Varta	Set Price Target	€143.00	€105.00	Sell	N/A
6/28/2021	SHA Schaeffler	Set Price Target	€7.00	€8.30	Neutral	N/A
6/28/2021	LEO Leoni	Set Price Target	€14.00	€6.70	Sell	N/A
6/28/2021	DUE Dürr Aktiengesellschaft	Set Price Target	€35.00	€44.00	Buy	N/A
6/28/2021	RNO Renault	Set Price Target	€31.00	€40.00	Neutral	N/A
6/28/2021	NOEJ NORMA Group	Set Price Target	€44.00	€44.00	Neutral	N/A
6/28/2021	STM Stabilus	Set Price Target	€66.00	€60.00	Sell	N/A
6/28/2021	DAI Daimler	Set Price Target	€75.00	€83.00	Neutral	N/A
6/28/2021	RHM Rheinmetall	Set Price Target	€80.00	€126.00	Buy	N/A
6/28/2021	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€86.00	€80.00	Sell	N/A
6/28/2021	PAH3 Porsche Automobil	Set Price Target	€92.00	€96.00	Neutral	N/A
6/28/2021	ML Compagnie Générale des Établissements Michelin Société en commandite par actions	Set Price Target	€138.00	€160.00	Buy	N/A
6/28/2021	VOW3 Volkswagen	Set Price Target	€209.00	€290.00	Buy	N/A
6/25/2021	BAYRY Bayer Aktiengesellschaft	Reiterated Rating	$15.00		Buy	Low
6/25/2021	EVK Evonik Industries	Set Price Target	€29.00	€32.00	Neutral	N/A
6/25/2021	CCEP Coca-Cola Europacific Partners	Reiterated Rating	$61.00		Buy	Low
6/25/2021	BAS Basf	Set Price Target	€67.00	€73.00	Buy	N/A
6/25/2021	LNXSF LANXESS Aktiengesellschaft	Reiterated Rating	$70.00		Buy	Low
6/25/2021	WCH Wacker Chemie	Set Price Target	€123.00	€143.00	Neutral	N/A
6/25/2021	ADDYY adidas	Reiterated Rating	$187.00		Buy	Low
6/25/2021	ADS adidas	Set Price Target	€318.00	€317.00	Buy	N/A
6/24/2021	SKB Koenig & Bauer	Set Price Target	€28.00	€24.00	Neutral	N/A
6/24/2021	KGX Kion Group	Set Price Target	€90.00	€104.00	Buy	N/A
6/24/2021	SAE Shop Apotheke Europe	Set Price Target	€140.00	€108.00	Sell	N/A
6/24/2021	RI Pernod Ricard	Set Price Target	€186.00	€175.00	Neutral	N/A
6/24/2021	GSK GlaxoSmithKline	Reiterated Rating	GBX 1,416	GBX 1,500	Neutral	N/A
6/23/2021	GOGL Golden Ocean Group	Reiterated Rating	$10.00		Buy	Medium
6/23/2021	SULZF Sulzer	Reiterated Rating	$138.00		Buy	Low
6/22/2021	ING ING Groep	Downgrade	$12.00		Overweight ➝ Neutral	Low
6/21/2021	EOAN E.On	Set Price Target	€10.00	€15.00	Buy	N/A
6/21/2021	HFG HelloFresh	Set Price Target	€84.00	€102.70	Buy	N/A
6/21/2021	EZJ easyJet	Reiterated Rating	GBX 814	GBX 719	Sell	N/A
6/18/2021	ADV ADVA Optical Networking	Set Price Target	€13.00	€13.60	Buy	N/A
6/18/2021	VNE Veoneer	Downgrade	$31.00	$19.00	Sell	Low
6/18/2021	ADPPF Adler Group	Upgrade	$30.00		Buy	Low
6/18/2021	ALV Autoliv	Downgrade	$94.00	$100.00	Hold	Medium
6/18/2021	DGE Diageo	Reiterated Rating	GBX 3,506	GBX 3,300	Neutral	N/A
6/17/2021	G1A GEA Group Aktiengesellschaft	Set Price Target	€36.00	€47.00	Buy	N/A
6/17/2021	SHL Siemens Healthineers	Set Price Target	€55.00	€54.00	Buy	N/A
6/17/2021	BFSA Befesa	Set Price Target	€66.00	€62.00	Neutral	N/A
6/17/2021	WCH Wacker Chemie	Set Price Target	€123.00	€143.00	Neutral	N/A
6/15/2021	SSPPF SSP Group	Upgrade	$3.00		Hold ➝ Buy	N/A
6/15/2021	LHA Deutsche Lufthansa	Set Price Target	€10.00	€10.00	Neutral	N/A
6/15/2021	CODYY Compagnie de Saint-Gobain	Downgrade	$14.00		Buy ➝ Hold	Low
6/15/2021	DWS DWS Group GmbH & Co. KGaA	Set Price Target	€40.00	€45.70	Buy	N/A
6/11/2021	VIVHY Vivendi	Reiterated Rating	$33.00		Buy	High
6/11/2021	DPSGY Deutsche Post	Reiterated Rating	$70.00		Hold ➝ Neutral	Low
6/9/2021	KCO Klöckner & Co SE	Set Price Target	€11.00	€14.50	Buy	N/A
6/3/2021	SPHDF Santhera Pharmaceuticals	Upgrade	$2.00		Reduce ➝ Hold	Low
6/3/2021	KER Kering	Set Price Target	€748.00	€820.00	Buy	N/A
6/3/2021	AZN AstraZeneca	Set Price Target	GBX 8,480	GBX 9,000	Buy	N/A
6/2/2021	WCH Wacker Chemie	Set Price Target	€123.00	€143.00	Neutral	N/A
6/1/2021	NPACY Quadient	Upgrade	$2.00		Hold ➝ Buy	Low
6/1/2021	APEMY Aperam	Upgrade	$59.00		Hold ➝ Buy	N/A
6/1/2021	ATLKY Atlas Copco	Upgrade	$68.00		Reduce ➝ Hold	Low
5/28/2021	GETVF Mediaset España Comunicación	Reiterated Rating	$6.00		Buy	Low
5/28/2021	EBRPY Ebro Foods	Reiterated Rating	$21.00		Buy	Low
5/28/2021	SULZF Sulzer	Upgrade	$138.00		Hold ➝ Buy	N/A
5/28/2021	KER Kering	Set Price Target	€748.00	€820.00	Buy	N/A