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
1/14/2022	EDRVF EDP Renováveis	Upgrade	$22.00	$27.50	Buy	N/A
1/14/2022	COP CompuGroup Medical SE & Co. KGaA	Set Price Target	€62.00	€78.00		N/A
1/14/2022	CMPUY CompuGroup Medical SE & Co. KGaA	Upgrade	$76.00		Hold ➝ Buy	Low
1/14/2022	HEN3 Henkel AG & Co. KGaA	Set Price Target	€82.00	€100.00		N/A
1/13/2022	CBK Commerzbank	Set Price Target	€7.00	€8.10		N/A
1/13/2022	VOS Vossloh	Set Price Target	€44.00	€54.00		N/A
1/13/2022	HLE HELLA GmbH & Co. KGaA	Set Price Target	€64.00	€60.00		N/A
1/13/2022	DHER Delivery Hero	Set Price Target	€79.00	€145.00		N/A
1/13/2022	KGX Kion Group	Set Price Target	€92.00	€111.00		N/A
1/12/2022	GASNY Naturgy Energy Group	Downgrade	$7.00		Hold ➝ Reduce	Low
1/11/2022	BOSS Hugo Boss	Set Price Target	€52.00	€57.10		N/A
1/11/2022	DRW3 Drägerwerk AG & Co. KGaA	Set Price Target	€51.00	€55.00		N/A
1/11/2022	BN Danone	Set Price Target	€58.00	€70.00		N/A
1/11/2022	SHL Siemens Healthineers	Set Price Target	€60.00	€65.00		N/A
1/11/2022	SAE Shop Apotheke Europe	Set Price Target	€108.00	€70.00		N/A
1/11/2022	AIR Airbus	Set Price Target	€117.00	€128.00		N/A
1/11/2022	ADS adidas	Set Price Target	€252.00	€290.00		N/A
1/10/2022	FME Fresenius Medical Care AG & Co. KGaA	Set Price Target	€59.00	€59.00		N/A
1/10/2022	ZAL Zalando	Set Price Target	€66.00	€77.00		N/A
1/10/2022	NDA Aurubis	Set Price Target	€94.00	€65.00		N/A
1/7/2022	G1A GEA Group Aktiengesellschaft	Set Price Target	€43.00	€55.00		N/A
1/6/2022	ADRZY Andritz	Upgrade	$10.00		Hold ➝ Buy	Low
1/6/2022	RI Pernod Ricard	Set Price Target	€198.00	€204.00		N/A
1/5/2022	DTCWY Deutsche Wohnen	Upgrade	$21.00		Hold ➝ Buy	Medium
1/5/2022	DWNI Deutsche Wohnen	Set Price Target	€37.00	€49.50		N/A
1/5/2022	DWHHF Deutsche Wohnen	Upgrade	$43.00	$49.50	Buy	N/A
1/5/2022	VNA Vonovia	Set Price Target	€48.00	€72.00		N/A
1/5/2022	DHER Delivery Hero	Set Price Target	€79.00	€145.00		N/A
1/4/2022	CEC1 Ceconomy	Set Price Target	€8.00	€5.00		N/A
1/4/2022	B4B3 Metro	Set Price Target	€11.00	€9.60		N/A
1/4/2022	OEZVY Verbund	Downgrade	$21.00		Buy ➝ Hold	N/A
1/4/2022	BNP BNP Paribas	Set Price Target	€66.00	€65.30		N/A
1/4/2022	DAI Daimler	Set Price Target	€75.00	€90.00		N/A
1/4/2022	SAE Shop Apotheke Europe	Set Price Target	€108.00	€70.00		N/A
1/4/2022	HBH HORNBACH Holding AG & Co. KGaA	Set Price Target	€136.00	€145.00		N/A
12/30/2021	NSRGF Nestlé	Reiterated Rating	$133.00		Buy	Low
12/30/2021	HESAF Hermès International Société en commandite par actions	Reiterated Rating	$1,519.00		Buy	Low
12/29/2021	CEC1 Ceconomy	Set Price Target	€8.00	€5.00		N/A
12/29/2021	B4B3 Metro	Set Price Target	€11.00	€9.60		N/A
12/29/2021	BNP BNP Paribas	Set Price Target	€66.00	€65.30		N/A
12/29/2021	SAE Shop Apotheke Europe	Set Price Target	€108.00	€70.00		N/A
12/29/2021	HBH HORNBACH Holding AG & Co. KGaA	Set Price Target	€136.00	€145.00		N/A
12/23/2021	CEC1 Ceconomy	Set Price Target	€8.00	€5.00		N/A
12/23/2021	SHL Siemens Healthineers	Set Price Target	€60.00	€65.00		N/A
12/22/2021	B4B3 Metro	Set Price Target	€11.00	€9.60		N/A
12/21/2021	BNPQY BNP Paribas	Upgrade	$38.00		Hold ➝ Buy	High
12/21/2021	ABB ABB	Reiterated Rating	$37.00		Buy	Low
12/21/2021	BNP BNP Paribas	Set Price Target	€66.00	€65.30		N/A
12/21/2021	SAE Shop Apotheke Europe	Set Price Target	€108.00	€89.00		N/A
12/21/2021	HBH HORNBACH Holding AG & Co. KGaA	Set Price Target	€136.00	€130.00		N/A
12/17/2021	SHL Siemens Healthineers	Set Price Target	€60.00	€65.00		N/A
12/16/2021	AT1 Aroundtown	Set Price Target	€6.00	€7.50		N/A
12/16/2021	CEC1 Ceconomy	Set Price Target	€8.00	€5.60		N/A
12/16/2021	GYC Grand City Properties	Set Price Target	€20.00	€27.50		N/A
12/16/2021	RAA RATIONAL Aktiengesellschaft	Set Price Target	€791.00	€810.00		N/A
12/15/2021	DAI Daimler	Set Price Target	€75.00	€90.00		N/A
12/13/2021	AVHNY Ackermans & Van Haaren	Upgrade	€17.00	€156.00 ➝ €185.00	Hold ➝ Buy	N/A
12/13/2021	BN Danone	Set Price Target	€58.00	€70.00		N/A
12/10/2021	LHA Deutsche Lufthansa	Set Price Target	€7.00	€8.00		N/A
12/10/2021	AFX Carl Zeiss Meditec	Set Price Target	€147.00	€180.00		N/A
12/9/2021	RNLSY Renault	Upgrade	€8.00	€35.00 ➝ €40.00	Hold ➝ Buy	Low
12/9/2021	SHA Schaeffler	Set Price Target	€8.00	€7.60		N/A
12/9/2021	VLVOF Volvo Car	Initiated Coverage	€10.00	€90.00	Buy	Low
12/9/2021	VTSCY Vitesco Technologies Group	Upgrade	€11.00	€58.00	Hold ➝ Buy	N/A
12/9/2021	RNO Renault	Set Price Target	€34.00	€40.00		N/A
12/9/2021	BAS Basf	Set Price Target	€68.00	€100.00		N/A
12/9/2021	HFG HelloFresh	Set Price Target	€56.00	€94.10		N/A
12/9/2021	RHM Rheinmetall	Set Price Target	€92.00	€116.00		N/A
12/9/2021	PAH3 Porsche Automobil	Set Price Target	€89.00	€87.00		N/A
12/9/2021	DAI Daimler	Set Price Target	€75.00	€97.00		N/A
12/9/2021	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€99.00	€85.00		N/A
12/9/2021	HBH HORNBACH Holding AG & Co. KGaA	Set Price Target	€136.00	€130.00		N/A
12/9/2021	VOW3 Volkswagen	Set Price Target	€193.00	€276.00		N/A
12/9/2021	RACE Ferrari	Downgrade	$245.00	$210.00 ➝ $220.00	Hold ➝ Reduce	Low
12/7/2021	NDA Aurubis	Set Price Target	€94.00	€62.00		N/A
12/7/2021	KGX Kion Group	Set Price Target	€92.00	€111.00		N/A
12/7/2021	ALV Allianz	Set Price Target	€227.00	€255.00		N/A
12/7/2021	EZJ easyJet	Set Price Target	GBX 636	GBX 460		N/A
12/3/2021	CRJTF Crossject	Reiterated Rating	$3.00		Hold	N/A
12/3/2021	BEKAY NV Bekaert	Initiated Coverage	€3.00	€43.00	Buy	Low
12/3/2021	EONGY E.On	Reiterated Rating	$14.00		Buy	Low
12/3/2021	PAGDF Paragon ID	Reiterated Rating	$34.00		Hold	N/A
12/3/2021	ABB ABB	Reiterated Rating	$37.00		Buy	N/A
12/3/2021	TTE TotalEnergies	Reiterated Rating	$57.00		Buy	N/A
12/2/2021	SAN Sanofi	Set Price Target	€91.00	€105.00		N/A
12/2/2021	ARGX argenx	Upgrade	$292.00	$220.00 ➝ $290.00	Hold ➝ Buy	Medium
12/2/2021	ESKEF Esker	Initiated Coverage	€335.00	€410.00	Buy	Low
12/1/2021	LEG LEG Immobilien	Set Price Target	€117.00	€150.00		N/A
12/1/2021	EOAN E.On	Set Price Target	€12.00	€15.00		N/A
12/1/2021	JEN Jenoptik	Set Price Target	€34.00	€32.50		N/A
12/1/2021	SBBTF Schibsted ASA	Upgrade	52.00	500.00	Hold ➝ Buy	Low
12/1/2021	ALV Allianz	Set Price Target	€227.00	€245.00		N/A
11/30/2021	CBK Commerzbank	Set Price Target	€7.00	€8.10		N/A
11/30/2021	DB1 Deutsche Börse	Set Price Target	€154.00	€164.00		N/A
11/29/2021	ARL Aareal Bank	Set Price Target	€28.00	€28.30		N/A
11/29/2021	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€99.00	€84.00		N/A
11/29/2021	MTX MTU Aero Engines	Set Price Target	€196.00	€225.00		N/A
11/26/2021	AVACF Avance Gas	Downgrade	4.00	41.00	Buy ➝ Hold	Low
11/26/2021	EONGY E.On	Reiterated Rating	$14.00		Buy	Low
11/26/2021	QGEN QIAGEN	Downgrade	$48.00	$49.00	Hold	High