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
2/7/2023	PAA Plains All American Pipeline	Downgrade	$13.00	$15.00 ➝ $14.50	Outperform ➝ Market Perform	Low
2/6/2023	DEO Diageo	Upgrade	$173.00		Market Perform ➝ Outperform	Low
2/6/2023	ABX Barrick Gold	Lower Price Target	C$25.00	C$28.00 ➝ C$27.00		N/A
2/6/2023	GOOG Alphabet	Set Price Target	$108.00	$130.00		Low
2/6/2023	RNO Renault	Set Price Target	€39.00	€45.00		N/A
2/6/2023	PAH3 Porsche Automobil	Set Price Target	€57.00	€60.00		N/A
2/6/2023	VOW3 Volkswagen	Set Price Target	€130.00	€145.00		N/A
2/6/2023	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€97.00	€90.00		N/A
2/6/2023	HFG HelloFresh	Set Price Target	€23.00	€18.00		N/A
2/6/2023	DHER Delivery Hero	Set Price Target	€55.00	€80.00		N/A
2/6/2023	DGE Diageo	Set Price Target	GBX 3,506	GBX 4,200		N/A
2/3/2023	TLSNY Telia Company AB (publ)	Downgrade	$5.00		Market Perform ➝ Underperform	Low
2/2/2023	PTON Peloton Interactive	Boost Price Target	$16.00	$13.00 ➝ $20.00	Outperform	Low
2/2/2023	META Meta Platforms	Boost Price Target	$192.00	$170.00 ➝ $210.00	Outperform	Low
2/2/2023	CHRW C.H. Robinson Worldwide	Lower Price Target	$105.00	$110.00 ➝ $92.00	Market Perform	Low
2/1/2023	DTE Deutsche Telekom	Set Price Target	€20.00	€25.00		N/A
2/1/2023	VOD Vodafone Group Public	Set Price Target	GBX 91	GBX 100		N/A
1/31/2023	RNO Renault	Set Price Target	€39.00	€45.00		N/A
1/31/2023	EW Edwards Lifesciences	Downgrade	$80.00	$95.00 ➝ $66.00	Outperform ➝ Underperform	Low
1/31/2023	ABX Barrick Gold	Boost Price Target	C$25.00	C$24.00 ➝ C$28.00		N/A
1/31/2023	DHER Delivery Hero	Set Price Target	€55.00	€80.00		N/A
1/30/2023	DPW Deutsche Post	Set Price Target	€42.00	€42.00		N/A
1/30/2023	ULVR Unilever	Set Price Target	GBX 4,104	GBX 3,500		N/A
1/27/2023	MC LVMH Moët Hennessy - Louis Vuitton, Société Européenne	Set Price Target	€814.00	€902.00		N/A
1/27/2023	MKC McCormick & Company, Incorporated	Upgrade	$75.00	$90.00	Market Perform ➝ Outperform	Low
1/27/2023	BN Danone	Set Price Target	€50.00	€55.00		N/A
1/27/2023	INTC Intel	Set Price Target	$29.00	$20.00		Low
1/27/2023	DGE Diageo	Set Price Target	GBX 3,506	GBX 4,030		N/A
1/26/2023	RNSDF Renault	Upgrade	$42.00		Market Perform ➝ Outperform	N/A
1/26/2023	NOW ServiceNow	Lower Price Target	$463.00	$641.00 ➝ $586.00	Outperform	Low
1/26/2023	ABT Abbott Laboratories	Boost Price Target	$112.00	$125.00 ➝ $132.00	Outperform	Low
1/26/2023	ESYJY easyJet	Downgrade	$6.00		Outperform ➝ Market Perform	Low
1/25/2023	RNLSY Renault	Upgrade	$9.00		Market Perform ➝ Outperform	Low
1/25/2023	HEN3 Henkel AG & Co. KGaA	Set Price Target	€65.00	€65.00		N/A
1/25/2023	EZJ easyJet	Set Price Target	GBX 484	GBX 500		N/A
1/25/2023	RNO Renault	Set Price Target	€39.00	€45.00		N/A
1/24/2023	AMD Advanced Micro Devices	Downgrade	$86.00	$95.00 ➝ $80.00	Outperform ➝ Market Perform	Low
1/24/2023	LULU Lululemon Athletica	Downgrade	$319.00	$340.00 ➝ $290.00	Market Perform ➝ Underperform	Low
1/24/2023	CNR Canadian National Railway	Boost Price Target	C$158.00	C$172.00 ➝ C$178.00		N/A
1/24/2023	AAPL Apple	Set Price Target	$155.00	$125.00		Low
1/23/2023	SY1 Symrise	Set Price Target	€100.00	€110.00		N/A
1/23/2023	ORA Orange	Set Price Target	€10.00	€11.50		N/A
1/23/2023	VOD Vodafone Group Public	Set Price Target	GBX 91	GBX 100		N/A
1/23/2023	DTE Deutsche Telekom	Set Price Target	€20.00	€25.00		N/A
1/20/2023	DHER Delivery Hero	Set Price Target	€55.00	€80.00		N/A
1/19/2023	AUKUF ams-OSRAM	Initiated Coverage	$11.00		Market Perform	Low
1/19/2023	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€97.00	€90.00		N/A
1/19/2023	PAH3 Porsche Automobil	Set Price Target	€57.00	€60.00		N/A
1/19/2023	VOW3 Volkswagen	Set Price Target	€130.00	€145.00		N/A
1/19/2023	STM STMicroelectronics	Set Price Target	€45.00	€45.00		N/A
1/18/2023	ASML ASML	Initiated Coverage	$679.00		Outperform	Low
1/18/2023	STM STMicroelectronics	Initiated Coverage	$50.00		Outperform	Low
1/18/2023	ASMIY ASM International	Initiated Coverage	$363.00		Outperform	Low
1/18/2023	BESIY BE Semiconductor Industries	Initiated Coverage	$73.00		Market Perform	Low
1/18/2023	AMSSY ams-OSRAM	Initiated Coverage	$4.00		Market Perform	Low
1/18/2023	IFNNY Infineon Technologies	Initiated Coverage	$39.00		Outperform	Low
1/18/2023	SLOIY Soitec	Initiated Coverage	$83.00		Outperform	Low
1/18/2023	INTC Intel	Set Price Target	$29.00	$23.00		Low
1/17/2023	ULVR Unilever	Set Price Target	GBX 4,104	GBX 3,500		N/A
1/17/2023	UL Unilever	Downgrade	$50.00		Market Perform ➝ Underperform	Low
1/17/2023	LHA Deutsche Lufthansa	Set Price Target	€10.00	€6.00		N/A
1/17/2023	HFG HelloFresh	Set Price Target	€23.00	€18.00		N/A
1/16/2023	KGX Kion Group	Set Price Target	€39.00	€20.00		N/A
1/12/2023	LBTYA Liberty Global	Downgrade	$21.00	$31.60 ➝ $23.00	Outperform ➝ Market Perform	Low
1/12/2023	BMWYY Bayerische Motoren Werke Aktiengesellschaft	Downgrade	$35.00		Outperform ➝ Market Perform	Low
1/12/2023	GOOG Alphabet	Set Price Target	$108.00	$120.00		Low
1/12/2023	PAH3 Porsche Automobil	Set Price Target	€57.00	€60.00		N/A
1/12/2023	VOW3 Volkswagen	Set Price Target	€130.00	€145.00		N/A
1/12/2023	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€97.00	€90.00		N/A
1/11/2023	CRM Salesforce	Downgrade	$171.00	$134.00 ➝ $119.00	Market Perform ➝ Underperform	Low
1/11/2023	MC LVMH Moët Hennessy - Louis Vuitton, Société Européenne	Set Price Target	€814.00	€902.00		N/A
1/9/2023	AKZOY Akzo Nobel	Downgrade	$25.00		Outperform ➝ Market Perform	Low
1/9/2023	AAPL Apple	Lower Price Target	$155.00	$170.00 ➝ $125.00		Low
1/9/2023	DELL Dell Technologies	Lower Price Target	$42.00	$72.00 ➝ $60.00		Low
1/9/2023	HPQ HP	Lower Price Target	$30.00	$30.00 ➝ $29.00		Low
1/9/2023	HFG HelloFresh	Set Price Target	€23.00	€18.00		N/A
1/9/2023	DHER Delivery Hero	Set Price Target	€55.00	€75.00		N/A
1/9/2023	SY1 Symrise	Set Price Target	€100.00	€110.00		N/A
1/9/2023	EVK Evonik Industries	Set Price Target	€21.00	€29.00		N/A
1/9/2023	BAS Basf	Set Price Target	€53.00	€67.00		N/A
1/6/2023	SAFRY Safran	Upgrade	$35.00		Market Perform ➝ Outperform	Low
1/6/2023	ABX Barrick Gold	Boost Price Target	C$25.00	C$21.00 ➝ C$24.00		N/A
1/5/2023	KER Kering	Set Price Target	€576.00	€613.00		N/A
1/5/2023	MC LVMH Moët Hennessy - Louis Vuitton, Société Européenne	Set Price Target	€814.00	€902.00		N/A
1/5/2023	TPR Tapestry	Downgrade	$45.00		Outperform ➝ Market Perform	Low
1/4/2023	KGX Kion Group	Set Price Target	€39.00	€20.00		N/A
1/4/2023	SU Schneider Electric S.E.	Set Price Target	€152.00	€149.00		N/A
1/4/2023	ASAZY ASSA ABLOY AB (publ)	Upgrade	$12.00		Market Perform ➝ Outperform	Low
1/4/2023	AVEVF AVEVA Group	Downgrade	$40.00		Outperform ➝ Market Perform	Low
1/4/2023	DASTY Dassault Systèmes	Upgrade	$41.00		Underperform ➝ Market Perform	Low
1/4/2023	LGRDY Legrand	Upgrade	$18.00		Market Perform ➝ Outperform	Low
1/4/2023	SBGSY Schneider Electric S.E.	Upgrade	$32.00		Market Perform ➝ Outperform	Low
1/4/2023	SIEGY Siemens Aktiengesellschaft	Upgrade	$76.00		Underperform ➝ Market Perform	Low
1/4/2023	AVVIY Aviva	Downgrade	$11.00		Outperform ➝ Market Perform	Low
1/3/2023	BAS Basf	Set Price Target	€53.00	€72.00		N/A
1/3/2023	E ENI	Upgrade	$30.00		Market Perform ➝ Outperform	Low
1/3/2023	EQNR Equinor ASA	Upgrade	$29.00		Market Perform ➝ Outperform	Low
1/3/2023	NGLOY Anglo American	Downgrade	$21.00		Outperform ➝ Market Perform	Low
1/3/2023	DPW Deutsche Post	Set Price Target	€42.00	€42.00		N/A
1/2/2023	NKE NIKE	Set Price Target	$125.00	$122.00		Low