Macquarie Stock Recommendations and Price Targets

This is a list of recent ratings by Macquarie.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
3/14/2023	LU Lufax	Downgrade	$2.00	$1.50	Neutral ➝ Underperform	Low
3/13/2023	GRAB Grab	Initiated Coverage	$3.00	$4.00	Outperform	Low
3/8/2023	LLLAF Leo Lithium	Initiated Coverage	$0.00		Outperform	Low
3/8/2023	SYAXF Sayona Mining	Initiated Coverage	$0.00		Outperform	N/A
3/8/2023	ALLIF Atlantic Lithium	Initiated Coverage	$0.00		Outperform	N/A
3/8/2023	PLL Piedmont Lithium	Initiated Coverage	$54.00	$140.00	Outperform	Low
3/2/2023	CRM Salesforce	Boost Price Target	$190.00	$218.00 ➝ $225.00	Outperform	Low
2/22/2023	MYPS PLAYSTUDIOS	Initiated Coverage	$4.00	$6.00	Outperform	Low
2/17/2023	APPS Digital Turbine	Downgrade	$11.00	$12.00	Outperform ➝ Neutral	Low
2/13/2023	XPEV XPeng	Downgrade	$10.00		Neutral ➝ Underperform	Low
1/31/2023	WBD Warner Bros. Discovery	Boost Price Target	$15.00	$16.00 ➝ $20.00	Outperform	Low
1/31/2023	PARA Paramount Global	Downgrade	$21.00	$15.00	Neutral ➝ Underperform	Low
1/31/2023	DIS Walt Disney	Boost Price Target	$97.00	$110.00 ➝ $122.00	Outperform	Low
1/18/2023	MCRI Monarch Casino & Resort	Downgrade	$74.00	$82.00 ➝ $81.00	Outperform ➝ Neutral	Low
1/4/2023	WBD Warner Bros. Discovery	Lower Price Target	$15.00	$18.00 ➝ $16.00	Outperform	Low
1/4/2023	PARA Paramount Global	Lower Price Target	$21.00	$16.00 ➝ $15.00	Neutral	Low
1/4/2023	FOXA FOX	Lower Price Target	$34.00	$32.00 ➝ $30.00	Neutral	Low
1/4/2023	DIS Walt Disney	Lower Price Target	$97.00	$120.00 ➝ $110.00	Outperform	Low
11/29/2022	PDD PDD	Boost Price Target	$77.00	$104.00 ➝ $122.00	Outperform	Low
11/25/2022	CAHPF Evolution Mining	Downgrade	$2.00	$2.40	Outperform ➝ Underperform	Low
11/25/2022	CJEWY Chow Tai Fook Jewellery Group	Downgrade	$17.00		Neutral ➝ Underperform	Low
11/24/2022	CAJ Canon	Downgrade	$22.00		Outperform ➝ Neutral	Low
11/22/2022	EHGRF The Star Entertainment Group	Downgrade	$1.00		Outperform ➝ Neutral	Low
11/11/2022	LNW Light & Wonder	Initiated Coverage	$58.00	$69.00 ➝ $65.00	Neutral ➝ Outperform	Low
11/9/2022	PLTK Playtika	Lower Price Target	$11.00	$20.00 ➝ $18.00		Low
11/9/2022	ACEL Accel Entertainment	Lower Price Target	$9.00	$14.00 ➝ $13.00	Outperform	Low
11/8/2022	GNENF Ganfeng Lithium Group	Initiated Coverage	$6.00		Outperform	Low
11/8/2022	SQ Block	Upgrade	$75.00	$100.00	Neutral ➝ Outperform	Low
11/4/2022	TEAM Atlassian	Downgrade	$154.00	$287.00 ➝ $147.00	Outperform ➝ Neutral	Low
11/2/2022	NCNO nCino	Reiterated Rating	$23.00	$42.00	Outperform	Low
11/2/2022	DT Dynatrace	Initiated Coverage	$39.00	$38.00	Neutral	Low
11/2/2022	OKTA Okta	Initiated Coverage	$84.00	$60.00	Neutral	Low
11/2/2022	NET Cloudflare	Initiated Coverage	$57.00	$60.00	Neutral	Low
11/2/2022	DDOG Datadog	Initiated Coverage	$68.00	$85.00	Neutral	Low
11/2/2022	CHKP Check Point Software Technologies	Initiated Coverage	$129.00	$129.00	Neutral	Low
11/2/2022	ZS Zscaler	Initiated Coverage	$112.00	$155.00	Neutral	Low
11/2/2022	WDAY Workday	Initiated Coverage	$187.00	$170.00	Neutral	Low
11/2/2022	SNOW Snowflake	Initiated Coverage	$140.00	$173.00	Neutral	Low
11/2/2022	CRM Salesforce	Reiterated Rating	$190.00	$210.00	Outperform	Low
11/2/2022	CRWD CrowdStrike	Initiated Coverage	$135.00	$220.00	Outperform	Low
11/2/2022	PANW Palo Alto Networks	Initiated Coverage	$194.00	$185.00	Neutral	Low
11/2/2022	MSFT Microsoft	Initiated Coverage	$277.00	$234.00	Neutral	Low
11/2/2022	HUBS HubSpot	Initiated Coverage	$394.00	$355.00	Outperform	Low
11/2/2022	NOW ServiceNow	Reiterated Rating	$444.00	$500.00	Outperform	Low
10/19/2022	NFLX Netflix	Boost Price Target	$301.00	$230.00 ➝ $285.00	Neutral	Low
10/14/2022	NABZY National Australia Bank	Upgrade	$9.00		Neutral ➝ Outperform	Low
10/14/2022	ANZBY ANZ Group	Downgrade	$16.00		Outperform ➝ Neutral	Low
9/30/2022	KONMY Konami Group	Downgrade	$23.00		Outperform ➝ Neutral	Low
9/20/2022	GETY Getty Images	Initiated Coverage	$4.00	$8.25	Neutral	Low
9/15/2022	DDI DoubleDown Interactive	Initiated Coverage	$8.00	$17.00	Outperform	Low
9/7/2022	AWCMY Alumina	Downgrade	$4.00		Neutral ➝ Underperform	Low
9/7/2022	CSXXY carsales.com	Upgrade	$28.00		Neutral ➝ Outperform	Low
9/7/2022	NFLX Netflix	Upgrade	$301.00	$170.00 ➝ $230.00	Underperform ➝ Neutral	Low
9/6/2022	BVILF Breville Group	Downgrade	$14.00	$23.10	Outperform ➝ Neutral	Low
8/31/2022	PDD PDD	Boost Price Target	$77.00	$77.00 ➝ $104.00	Outperform	Low
8/30/2022	MMYT MakeMyTrip	Initiated Coverage	$25.00	$42.00	Outperform	Low
8/26/2022	TSGTF Tsingtao Brewery	Downgrade	$10.00		Outperform ➝ Neutral	Low
8/26/2022	TRYIY Toray Industries	Upgrade	$11.00		Neutral ➝ Outperform	Low
8/23/2022	IQ iQIYI	Initiated Coverage	$7.00	$2.80	Underperform	Low
8/23/2022	RIO Rio Tinto Group	Downgrade	$66.00		Outperform ➝ Neutral	Low
8/23/2022	BIDU Baidu	Initiated Coverage	$151.00	$188.00	Outperform	Low
8/18/2022	AMCR Amcor	Downgrade	$11.00		Outperform ➝ Neutral	Low
8/9/2022	CPNG Coupang	Initiated Coverage	$14.00	$26.00	Outperform	Low
8/3/2022	XPEV XPeng	Downgrade	$10.00	$25.00	Outperform ➝ Neutral	Low
8/3/2022	PEGA Pegasystems	Downgrade	$47.00	$54.00	Outperform ➝ Neutral	Low
7/29/2022	CMCSA Comcast	Downgrade	$37.00	$40.00 ➝ $33.00	Neutral ➝ Underperform	Low
7/29/2022	ROKU Roku	Lower Price Target	$65.00	$125.00 ➝ $90.00		Low
7/29/2022	MA Mastercard	Lower Price Target	$355.00	$440.00 ➝ $410.00		Low
7/28/2022	NWSA News	Downgrade	$16.00	$21.10	Outperform ➝ Neutral	Low
7/28/2022	EDU New Oriental Education & Technology Group	Upgrade	$37.00		Neutral ➝ Outperform	Low
7/27/2022	FXLV F45 Training	Downgrade	$1.00	$17.00 ➝ $4.00	Outperform ➝ Neutral	Low
7/27/2022	V Visa	Lower Price Target	$222.00	$270.00 ➝ $260.00	Outperform	Low
7/25/2022	TWOU 2U	Downgrade	$7.00	$11.00	Outperform ➝ Neutral	Low
7/25/2022	PEGA Pegasystems	Downgrade	$47.00	$54.00	Outperform ➝ Neutral	Low
7/25/2022	TWLO Twilio	Downgrade	$64.00	$96.00	Outperform ➝ Neutral	Low
7/20/2022	NFLX Netflix	Boost Price Target	$301.00	$150.00 ➝ $170.00	Underperform	Low
7/19/2022	SQ Block	Downgrade	$75.00	$140.00 ➝ $64.00	Outperform ➝ Neutral	Low
7/15/2022	NSANY Nissan Motor	Downgrade	$7.00		Neutral ➝ Underperform	Low
7/15/2022	TM Toyota Motor	Downgrade	$136.00		Outperform ➝ Neutral	Low
7/8/2022	SONY Sony Group	Upgrade	$88.00		Neutral ➝ Outperform	N/A
7/6/2022	DCCNF Dacian Gold	Upgrade	$0.00	$0.10	Hold	N/A
7/5/2022	LYV Live Nation Entertainment	Upgrade	$68.00	$117.00 ➝ $105.00	Neutral ➝ Outperform	N/A
7/5/2022	NTES NetEase	Initiated Coverage	$86.00	$129.00	Outperform	N/A
7/5/2022	MSGS Madison Square Garden Sports	Lower Price Target	$186.00	$240.00 ➝ $230.00	Outperform	N/A
6/30/2022	BKQNF Bank of Queensland	Upgrade	$5.00	$8.00	Buy	N/A
6/23/2022	EDU New Oriental Education & Technology Group	Downgrade	$37.00		Outperform ➝ Neutral	Low
6/23/2022	IPG Interpublic Group of Companies	Downgrade	$35.00		Outperform ➝ Neutral	Low
6/23/2022	WPP WPP	Downgrade	$59.00		Outperform ➝ Neutral	Low
6/23/2022	OMC Omnicom Group	Downgrade	$90.00		Outperform ➝ Neutral	Low
6/12/2022	WFAFF Wesfarmers	Downgrade	$32.00	$43.30	Sell	N/A
6/3/2022	MPNGF Meituan	Upgrade	$17.00		Neutral ➝ Outperform	Low
6/2/2022	SVLKF Silver Lake Resources	Upgrade	$1.00	$2.10	Buy	N/A
6/1/2022	WIT Wipro	Upgrade	$4.00		Neutral ➝ Outperform	Low
6/1/2022	APPS Digital Turbine	Lower Price Target	$11.00	$70.00 ➝ $40.00	Outperform	High
5/25/2022	XPEV XPeng	Initiated Coverage	$10.00	$38.20	Outperform	Low
4/22/2022	NFLX Netflix	Downgrade	$301.00		Sell	Medium
4/11/2022	WIT Wipro	Initiated Coverage	$4.00		Neutral	Low
4/11/2022	INFY Infosys	Initiated Coverage	$17.00		Outperform	Low
3/25/2022	MAQAF Atlas Arteria	Downgrade	$4.00	$6.66	Hold	N/A
3/23/2022	NTDOY Nintendo	Upgrade	$10.00		Neutral ➝ Outperform	Low