Redburn Partners Stock Recommendations and Price Targets

This is a list of recent ratings by Redburn Partners.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
3/28/2023	FDS FactSet Research Systems	Upgrade	$415.00		Sell ➝ Neutral	Low
3/21/2023	IHG InterContinental Hotels Group	Downgrade	GBX 5,312		Sell	N/A
3/20/2023	VRSK Verisk Analytics	Upgrade	$192.00		Sell ➝ Neutral	Low
3/17/2023	FMC FMC	Upgrade	$122.00	$155.00	Neutral ➝ Buy	Low
3/16/2023	UAA Under Armour	Initiated Coverage	$9.00	$13.50	Buy	Low
3/16/2023	NKE NIKE	Initiated Coverage	$123.00	$100.00	Sell	Low
3/16/2023	LULU Lululemon Athletica	Initiated Coverage	$364.00	$257.00	Sell	Low
3/6/2023	MNST Monster Beverage	Upgrade	$54.00	$60.00	Neutral ➝ Buy	Low
3/1/2023	SPOT Spotify Technology	Upgrade	$134.00	$140.00	Neutral ➝ Buy	Low
2/8/2023	AAL American Airlines Group	Upgrade	$15.00	$25.00	Neutral ➝ Buy	Low
2/8/2023	LUV Southwest Airlines	Downgrade	$33.00	$40.00	Buy ➝ Neutral	Low
2/8/2023	DAL Delta Air Lines	Upgrade	$35.00	$55.00	Neutral ➝ Buy	Low
2/8/2023	UAL United Airlines	Upgrade	$44.00	$55.00	Sell ➝ Neutral	Low
2/1/2023	ROL Rollins	Initiated Coverage	$38.00	$62.00	Buy	Low
2/1/2023	RTO Rentokil Initial	Initiated Coverage	GBX 592		Buy	N/A
1/19/2023	GEHC GE HealthCare Technologies	Initiated Coverage	$82.00		Buy	Low
1/18/2023	XOM Exxon Mobil	Downgrade	$110.00		Neutral ➝ Sell	Low
1/11/2023	VRSK Verisk Analytics	Initiated Coverage	$192.00		Sell	Low
1/11/2023	MORN Morningstar	Downgrade	$203.00		Buy ➝ Neutral	Low
1/3/2023	CRH CRH	Upgrade	$51.00		Neutral ➝ Buy	Low
12/16/2022	ETWO E2open Parent	Initiated Coverage	$6.00		Buy	Low
12/15/2022	EL Estée Lauder Companies	Initiated Coverage	$246.00	$210.00	Sell	Low
12/13/2022	FTTRF Forterra	Initiated Coverage	$2.00		Neutral	Low
12/13/2022	IBJHF Ibstock	Initiated Coverage	GBX 2	GBX 140	Sell	Low
12/8/2022	CX CEMEX	Initiated Coverage	$6.00	$4.90	Neutral	Low
12/1/2022	DRKTF Darktrace	Initiated Coverage	$3.00		Buy	N/A
12/1/2022	S SentinelOne	Initiated Coverage	$16.00	$18.00	Neutral	Low
12/1/2022	CRWD CrowdStrike	Initiated Coverage	$137.00	$175.00	Buy	Low
12/1/2022	ZS Zscaler	Initiated Coverage	$117.00	$135.00	Neutral	Low
12/1/2022	PANW Palo Alto Networks	Initiated Coverage	$200.00	$270.00	Buy	Low
11/30/2022	WH Wyndham Hotels & Resorts	Initiated Coverage	$68.00		Neutral	Low
11/30/2022	H Hyatt Hotels	Initiated Coverage	$112.00		Buy	Low
11/30/2022	CHH Choice Hotels International	Initiated Coverage	$117.00		Sell	Low
11/30/2022	HLT Hilton Worldwide	Initiated Coverage	$141.00		Neutral	Low
11/30/2022	MAR Marriott International	Initiated Coverage	$166.00		Sell	Low
11/29/2022	AXP American Express	Initiated Coverage	$165.00		Neutral	Low
11/29/2022	V Visa	Initiated Coverage	$225.00		Sell	Low
11/29/2022	MA Mastercard	Initiated Coverage	$363.00		Neutral	Low
11/28/2022	SLFPF abrdn	Downgrade	$2.00		Neutral ➝ Sell	N/A
11/23/2022	GETY Getty Images	Upgrade	$5.00	$9.90 ➝ $5.70	Neutral ➝ Buy	Low
11/22/2022	CEVMF CTS Eventim AG & Co. KGaA	Initiated Coverage	$58.00		Buy	Low
11/22/2022	LYV Live Nation Entertainment	Initiated Coverage	$70.00		Neutral	Low
11/14/2022	NDAQ Nasdaq	Initiated Coverage	$55.00		Neutral	Low
11/14/2022	CBOE Cboe Global Markets	Initiated Coverage	$134.00		Neutral	N/A
11/8/2022	THNPF Technip Energies	Upgrade	$22.00		Neutral ➝ Buy	Low
11/7/2022	RYCEY Rolls-Royce Holdings plc	Initiated Coverage	$2.00		Neutral	Low
11/7/2022	NOV NOV	Reiterated Rating	$19.00	$25.00	Equal Weight	Low
11/7/2022	THLLY Thales	Initiated Coverage	$30.00		Buy	Low
11/7/2022	SAFRY Safran	Initiated Coverage	$37.00		Buy	Low
11/7/2022	EADSY Airbus	Initiated Coverage	$33.00		Buy	Low
11/7/2022	BAESY BAE Systems	Initiated Coverage	$49.00		Buy	Low
11/7/2022	DUAVF Dassault Aviation Société anonyme	Initiated Coverage	$200.00		Buy	Low
11/7/2022	BA Boeing	Initiated Coverage	$212.00		Neutral	Low
11/4/2022	PEP PepsiCo	Initiated Coverage	$182.00	$141.00	Sell	Low
10/18/2022	MDB MongoDB	Upgrade	$233.00		Sell ➝ Neutral	Low
10/12/2022	GMVHF Entain	Initiated Coverage	$15.00		Neutral	Low
10/12/2022	DKNG DraftKings	Initiated Coverage	$19.00	$19.00	Neutral	Low
10/12/2022	PDYPY Flutter Entertainment	Initiated Coverage	$91.00		Buy	Low
9/28/2022	SABR Sabre	Initiated Coverage	$4.00		Buy	Low
9/28/2022	AMADY Amadeus IT Group	Initiated Coverage	$67.00		Buy	Low
9/26/2022	NOK Nokia Oyj	Initiated Coverage	$5.00	$6.70	Buy	Low
9/26/2022	ERIC Telefonaktiebolaget LM Ericsson (publ)	Initiated Coverage	$6.00		Neutral	Low
9/20/2022	MORN Morningstar	Upgrade	$203.00		Neutral ➝ Buy	Low
9/9/2022	PSNY Polestar Automotive Holding UK	Initiated Coverage	$4.00		Sell	Low
9/8/2022	IPG Interpublic Group of Companies	Reiterated Rating	$37.00		Neutral	Low
9/8/2022	WPP WPP	Reiterated Rating	$60.00		Neutral	Low
9/8/2022	OMC Omnicom Group	Reiterated Rating	$94.00		Neutral	Low
9/6/2022	AKZOY Akzo Nobel	Upgrade	$26.00		Neutral ➝ Buy	Low
9/6/2022	PPG PPG Industries	Upgrade	$134.00		Neutral ➝ Buy	Low
8/25/2022	GETY Getty Images	Initiated Coverage	$5.00		Neutral	Low
8/25/2022	GTY Getty Realty	Initiated Coverage	$36.00		Neutral	Low
8/25/2022	SSTK Shutterstock	Initiated Coverage	$73.00		Buy	Low
8/17/2022	HSBC HSBC	Downgrade	$34.00		Buy ➝ Neutral	Low
8/5/2022	CMCSA Comcast	Downgrade	$38.00		Buy ➝ Neutral	Low
8/4/2022	DNNGY Ørsted A/S	Upgrade	$28.00		Sell ➝ Neutral	Low
7/13/2022	TAP Molson Coors Beverage	Upgrade	$52.00		Sell ➝ Neutral	Low
7/13/2022	STZ Constellation Brands	Initiated Coverage	$226.00		Buy	Low
7/13/2022	SAM Boston Beer	Initiated Coverage	$329.00		Sell	Low
7/8/2022	PYPL PayPal	Downgrade	$76.00		Buy ➝ Neutral	N/A
7/5/2022	FQVTF Fevertree Drinks	Upgrade	$16.00		Sell ➝ Neutral	N/A
7/1/2022	WZZZY Wizz Air	Upgrade	$8.00		Neutral ➝ Buy	Low
6/29/2022	AMZN Amazon.com	Initiated Coverage	$103.00	$270.00	Buy	Low
6/29/2022	SNOW Snowflake	Initiated Coverage	$154.00	$125.00	Neutral	Low
6/29/2022	MSFT Microsoft	Initiated Coverage	$288.00	$370.00	Buy	Low
6/29/2022	MDB MongoDB	Initiated Coverage	$233.00	$190.00	Sell	Low
6/24/2022	HSBC HSBC	Upgrade	$34.00		Neutral ➝ Buy	Low
6/23/2022	CS Credit Suisse Group	Downgrade	$1.00		Neutral ➝ Sell	Low
6/23/2022	COIN Coinbase Global	Downgrade	$68.00		Buy ➝ Neutral	Low
6/23/2022	SCHW Charles Schwab	Initiated Coverage	$52.00		Neutral	Low
6/21/2022	GBTG Global Business Travel Group	Initiated Coverage	$7.00	$12.50	Buy	Low
6/13/2022	FMC FMC	Downgrade	$122.00		Buy ➝ Neutral	High
6/1/2022	VLO Valero Energy	Downgrade	$140.00		Buy ➝ Neutral	Medium
5/31/2022	CLLNY Cellnex Telecom	Downgrade	$19.00		Buy ➝ Neutral	Low
5/18/2022	EXPE Expedia Group	Upgrade	$97.00		Neutral ➝ Buy	Medium
5/17/2022	SPGI S&P Global	Initiated Coverage	$345.00		Buy	Low
5/17/2022	FDS FactSet Research Systems	Initiated Coverage	$415.00		Sell	Low
5/17/2022	MSCI MSCI	Initiated Coverage	$560.00		Buy	Low
4/25/2022	WMG Warner Music Group	Reiterated Rating	$33.00		Neutral ➝ Sell	Medium
4/25/2022	SPOT Spotify Technology	Upgrade	$134.00		Sell ➝ Neutral	Low
4/8/2022	EXPE Expedia Group	Downgrade	$97.00		Buy ➝ Neutral	Low