Sanford C. Bernstein Stock Recommendations and Price Targets

AllianceBernstein Holding L.P. (AllianceBernstein) is an investment firm that provides research, diversified investment management and related services globally to a range of clients. The Company's clients include institutional clients, retail clients, private clients, institutional investors and issuers of publicly-traded securities. The Company also provides distribution, shareholder servicing and administrative services to its sponsored mutual funds. AllianceBernstein offers a range of investment products and services to its clients. The Company serves clients in global markets through operations in 46 cities in 23 countries. The Company’s Bernstein Research Services generate revenues from clients to whom it provides research, portfolio analysis and brokerage-related services. On May 31, 2011, AllianceBernstein acquired Pyrander Capital Management, LLC. On November 30, 2011, the Company acquired Taiwan International Investment Management Co. (TIIM).

This is a list of recent ratings by Sanford C. Bernstein.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
6/17/2021	SY1 Symrise	Set Price Target	€114.00	€100.00	Neutral	N/A
6/17/2021	GVDBF Givaudan	Reiterated Rating	CHF 4,520		Sell	Low
6/16/2021	AF Air France-KLM	Set Price Target	€5.00	€1.50	Sell	N/A
6/16/2021	DPW Deutsche Post	Set Price Target	€57.00	€55.00	Buy	N/A
6/16/2021	BYND Beyond Meat	Boost Price Target	$150.00	$130.00 ➝ $178.00	Outperform	Low
6/16/2021	IAG International Consolidated Airlines Group	Reiterated Rating	GBX 198	GBX 250	Buy	N/A
6/16/2021	SE SEA	Initiated Coverage	$283.00		Outperform	Low
6/16/2021	EZJ easyJet	Reiterated Rating	GBX 977	GBX 1,150	Buy	N/A
6/15/2021	LHA Deutsche Lufthansa	Set Price Target	€10.00	€11.00	Neutral	N/A
6/14/2021	DVDCF Davide Campari-Milano	Downgrade	$13.00		Outperform ➝ Market Perform	High
6/14/2021	REMYY Rémy Cointreau	Downgrade	$20.00		Market Perform ➝ Underperform	Medium
6/14/2021	PDRDY Pernod Ricard	Downgrade	$43.00		Outperform ➝ Market Perform	Low
6/14/2021	RI Pernod Ricard	Set Price Target	€181.00	€186.00	Neutral	N/A
6/14/2021	DEO Diageo	Downgrade	$194.00		Outperform ➝ Market Perform	Low
6/14/2021	DGE Diageo	Reiterated Rating	GBX 3,488	GBX 3,550	Neutral	N/A
6/11/2021	INTC Intel	Reiterated Rating	$57.00	$43.00	Sell	Medium
6/11/2021	BIIB Biogen	Upgrade	$384.00	$500.00	Market Perform ➝ Outperform	Medium
6/10/2021	DPW Deutsche Post	Set Price Target	€57.00	€55.00	Buy	N/A
6/9/2021	GIGNY Genting Singapore	Upgrade	$30.00		Market Perform ➝ Outperform	Low
6/7/2021	UMC United Microelectronics	Downgrade	$10.00	$8.40 ➝ $7.30	Market Perform ➝ Underperform	Medium
6/1/2021	EQNR Equinor ASA	Upgrade	$21.00	$28.00	Market Perform ➝ Outperform	Medium
6/1/2021	VIVHY Vivendi	Downgrade	$35.00		Outperform ➝ Market Perform	Low
5/27/2021	OSH Oak Street Health	Initiated Coverage	$56.00	$79.00	Outperform	High
5/26/2021	WIT Wipro	Upgrade	$8.00	$6.23	Underperform ➝ Market Perform	Low
5/26/2021	ADI Analog Devices	Upgrade	$166.00	$165.00 ➝ $185.00	Market Perform ➝ Outperform	Low
5/26/2021	EZJ easyJet	Set Price Target	GBX 977	GBX 1,150	Buy	N/A
5/25/2021	DAI Daimler	Set Price Target	€79.00	€114.00	Buy	N/A
5/25/2021	HEN3 Henkel AG & Co. KGaA	Set Price Target	€94.00	€103.00	Neutral	N/A
5/25/2021	VOW3 Volkswagen	Set Price Target	€224.00	€237.00	Neutral	N/A
5/24/2021	SPCE Virgin Galactic	Boost Price Target	$37.00	$18.00 ➝ $27.00	Market Perform	High
5/24/2021	TAP Molson Coors Beverage	Initiated Coverage	$56.00	$74.00	Outperform	Low
5/24/2021	BYND Beyond Meat	Upgrade	$150.00	$130.00	Underperform ➝ Outperform	High
5/24/2021	STZ Constellation Brands	Initiated Coverage	$230.00	$305.00	Outperform	Low
5/24/2021	SAM The Boston Beer	Initiated Coverage	$970.00	$1,340.00	Outperform	High
5/21/2021	OSH Oak Street Health	Initiated Coverage	$56.00	$79.00	Outperform	Medium
5/20/2021	ADI Analog Devices	Upgrade	$166.00	$165.00 ➝ $185.00	Market Perform ➝ Outperform	High
5/19/2021	AF Air France-KLM	Set Price Target	€5.00	€1.50	Sell	N/A
5/19/2021	LHA Deutsche Lufthansa	Set Price Target	€10.00	€11.00	Neutral	N/A
5/19/2021	DAI Daimler	Set Price Target	€79.00	€114.00	Buy	N/A
5/19/2021	IAG International Consolidated Airlines Group	Set Price Target	GBX 198	GBX 250	Buy	N/A
5/19/2021	EZJ easyJet	Set Price Target	GBX 977	GBX 1,150	Buy	N/A
5/18/2021	DNNGY Ørsted A/S	Upgrade	$49.00		Market Perform ➝ Outperform	High
5/18/2021	ULVR Unilever	Set Price Target	GBX 4,352	GBX 3,500	Sell	N/A
5/14/2021	DIS The Walt Disney	Reiterated Rating	$175.00	$163.00	Neutral	Low
5/13/2021	BAS Basf	Set Price Target	€66.00	€106.00	Buy	N/A
5/13/2021	DGE Diageo	Reiterated Rating	GBX 3,488	GBX 3,550	Buy	N/A
5/12/2021	EOAN E.On	Set Price Target	€10.00	€13.30	Buy	N/A
5/12/2021	EZJ easyJet	Set Price Target	GBX 977	GBX 1,150	Buy	N/A
5/11/2021	AAPL Apple	Set Price Target	$132.00	$132.00	Neutral	Medium
5/10/2021	DPW Deutsche Post	Set Price Target	€57.00	€55.00	Buy	N/A
5/10/2021	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€93.00	€120.00	Buy	N/A
5/10/2021	HII Huntington Ingalls Industries	Boost Price Target	$212.00	$193.00 ➝ $229.00	Market Perform	Low
5/10/2021	BA The Boeing	Upgrade	$239.00	$196.00 ➝ $229.00	Underperform ➝ Market Perform	N/A
5/7/2021	HRSHF Haier Smart Home	Upgrade	$4.00		Market Perform ➝ Outperform	High
5/6/2021	EOAN E.On	Set Price Target	€10.00	€13.30	Buy	N/A
5/6/2021	UN01 Uniper	Set Price Target	€30.00	€17.50	Sell	N/A
5/6/2021	HEN3 Henkel AG & Co. KGaA	Set Price Target	€94.00	€103.00	Neutral	N/A
5/6/2021	VOW3 Volkswagen	Set Price Target	€224.00	€237.00	Neutral	N/A
5/5/2021	BAS Basf	Set Price Target	€66.00	€106.00	Buy	N/A
5/4/2021	DPW Deutsche Post	Set Price Target	€57.00	€50.00	Buy	N/A
5/4/2021	BA The Boeing	Upgrade	$239.00	$196.00 ➝ $229.00	Underperform ➝ Market Perform	Medium
5/3/2021	COIN Coinbase Global	Initiated Coverage	$231.00	$250.00	Market Perform	N/A
4/30/2021	PPRUY Kering	Upgrade	$90.00		Market Perform ➝ Outperform	Low
4/30/2021	VOW3 Volkswagen	Set Price Target	€224.00	€237.00	Neutral	N/A
4/30/2021	MC LVMH Moët Hennessy - Louis Vuitton, Société Européenne	Set Price Target	€682.00	€703.00	Buy	N/A
4/30/2021	KER Kering	Set Price Target	€750.00	€779.00	Buy	N/A
4/29/2021	ULVR Unilever	Set Price Target	GBX 4,352	GBX 3,500	Sell	N/A
4/27/2021	ADEVF Adevinta Asa	Initiated Coverage	$16.00		Market Perform	Low
4/27/2021	COIN Coinbase Global	Initiated Coverage	$231.00	$250.00	Market Perform	N/A
4/26/2021	LHA Deutsche Lufthansa	Set Price Target	€10.00	€11.00	Neutral	N/A
4/23/2021	RI Pernod Ricard	Set Price Target	€181.00	€186.00	Buy	N/A
4/23/2021	VOW3 Volkswagen	Set Price Target	€224.00	€237.00	Neutral	N/A
4/21/2021	AFTPF Afterpay	Initiated Coverage	$80.00		Underperform	Low
4/21/2021	RHHVF Roche	Reiterated Rating	$384.00		Buy	Medium
4/19/2021	SPCE Virgin Galactic	Initiated Coverage	$37.00	$27.00	Market Perform	N/A
4/19/2021	BN Danone	Set Price Target	€59.00	€50.00	Sell	N/A
4/19/2021	HEN3 Henkel AG & Co. KGaA	Set Price Target	€94.00	€103.00	Neutral	N/A
4/19/2021	DIS The Walt Disney	Reiterated Rating	$175.00	$167.00	Neutral	Medium
4/19/2021	ULVR Unilever	Reiterated Rating	GBX 4,352	GBX 3,500	Sell	N/A
4/12/2021	SPCE Virgin Galactic	Initiated Coverage	$37.00	$27.00	Market Perform	Low
4/9/2021	AB AllianceBernstein	Downgrade	$45.00		Buy ➝ Neutral	Low
4/1/2021	LU Lufax	Initiated Coverage	$12.00	$10.50	Underperform	Low
4/1/2021	GILD Gilead Sciences	Upgrade	$67.00	$80.00	Market Perform ➝ Outperform	Medium
3/31/2021	GCTAF Siemens Gamesa Renewable Energy	Initiated Coverage	$32.00		Outperform	High
3/31/2021	VWDRY Vestas Wind Systems A/S	Initiated Coverage	$13.00		Outperform	High
3/30/2021	BAESY BAE Systems	Upgrade	$31.00		Market Perform ➝ Outperform	High
3/30/2021	UN01 Uniper	Set Price Target	€30.00	€17.50	Sell	N/A
3/30/2021	DPW Deutsche Post	Set Price Target	€57.00	€50.00	Buy	N/A
3/30/2021	AMAT Applied Materials	Initiated Coverage	$137.00	$160.00	Outperform	High
3/30/2021	LRCX Lam Research	Initiated Coverage	$640.00	$700.00	Outperform	High
3/29/2021	INFY Infosys	Upgrade	$21.00	$20.33 ➝ $21.80	Market Perform ➝ Outperform	N/A
3/26/2021	LU Lufax	Initiated Coverage	$12.00	$10.50	Underperform	Low
3/25/2021	GCTAF Siemens Gamesa Renewable Energy	Initiated Coverage	$32.00		Outperform	Medium
3/25/2021	AB AllianceBernstein	Downgrade	$45.00	$40.00	Buy ➝ Neutral	Low
3/25/2021	KHNGY Kuehne + Nagel International	Downgrade	$70.00		Outperform ➝ Market Perform	High
3/25/2021	VWDRY Vestas Wind Systems A/S	Initiated Coverage	$13.00		Outperform	High
3/25/2021	PAH3 Porsche Automobil	Set Price Target	€95.00	€89.00	Neutral	N/A
3/25/2021	LIN Linde	Set Price Target	€243.00	€237.65	Neutral	N/A
3/24/2021	EOAN E.On	Set Price Target	€10.00	€12.90	Buy	N/A
3/24/2021	INTC Intel	Set Price Target	$57.00	$43.00	Sell	High