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
10/20/2021	DTE Deutsche Telekom	Set Price Target	€16.00	€28.80		N/A
10/20/2021	BA The Boeing	Lower Price Target	$216.00	$279.00 ➝ $269.00	Outperform	Low
10/19/2021	SSDOY Shiseido	Initiated Coverage	$66.00		Outperform	Low
10/19/2021	HFG HelloFresh	Set Price Target	€81.00	€51.50		N/A
10/12/2021	ORA Orange	Set Price Target	€9.00	€10.10		N/A
10/12/2021	SDXAY Sodexo	Upgrade	$17.00		Market Perform ➝ Outperform	Medium
10/12/2021	ZLAB Zai Lab	Initiated Coverage	$100.00		Market Perform	High
10/12/2021	BGNE BeiGene	Initiated Coverage	$373.00	$431.00	Outperform	Low
10/6/2021	RYCEY Rolls-Royce	Upgrade	$2.00		Underperform ➝ Market Perform	Low
10/6/2021	SAF Safran	Set Price Target	€111.00	€125.00		N/A
10/6/2021	MTUAY MTU Aero Engines	Upgrade	$106.00		Market Perform ➝ Outperform	Low
10/6/2021	MTX MTU Aero Engines	Set Price Target	€186.00	€250.00		N/A
10/5/2021	AF Air France-KLM	Set Price Target	€4.00	€1.50		N/A
10/5/2021	LHA Deutsche Lufthansa	Set Price Target	€6.00	€8.00		N/A
10/5/2021	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€85.00	€120.00		N/A
10/5/2021	IAG International Consolidated Airlines Group	Set Price Target	GBX 158	GBX 250		N/A
10/4/2021	DAI Daimler	Set Price Target	€82.00	€116.00		N/A
10/4/2021	VOW3 Volkswagen	Set Price Target	€190.00	€237.00		N/A
10/1/2021	DPW Deutsche Post	Set Price Target	€54.00	€65.00		N/A
9/29/2021	EADSY Airbus	Upgrade	$33.00		Market Perform ➝ Outperform	Medium
9/29/2021	SPR Spirit AeroSystems	Upgrade	$44.00	$53.00 ➝ $66.00	Market Perform ➝ Outperform	High
9/29/2021	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€85.00	€120.00		N/A
9/29/2021	EADSF Airbus	Upgrade	$132.00	$142.00	Buy	Low
9/29/2021	BA The Boeing	Upgrade	$216.00	$252.00 ➝ $279.00	Market Perform ➝ Outperform	Medium
9/28/2021	BDRFY Beiersdorf Aktiengesellschaft	Downgrade	$22.00		Market Perform ➝ Underperform	High
9/28/2021	PTR PetroChina	Downgrade	$52.00		Outperform ➝ Market Perform	High
9/28/2021	NXPI NXP Semiconductors	Downgrade	$198.00	$245.00 ➝ $230.00	Outperform ➝ Market Perform	High
9/27/2021	LHA Deutsche Lufthansa	Set Price Target	€6.00	€8.00		N/A
9/27/2021	HEN3 Henkel AG & Co. KGaA	Set Price Target	€77.00	€97.00		N/A
9/23/2021	OKE ONEOK	Upgrade	$65.00	$66.00	Market Perform ➝ Outperform	High
9/21/2021	LHA Deutsche Lufthansa	Set Price Target	€6.00	€11.00		N/A
9/21/2021	BN Danone	Set Price Target	€56.00	€50.00		N/A
9/21/2021	VOD Vodafone Group	Set Price Target	GBX 112	GBX 155		N/A
9/20/2021	EJTTF easyJet	Reiterated Rating	$8.00		Buy	Low
9/15/2021	LHA Deutsche Lufthansa	Set Price Target	€6.00	€11.00		N/A
9/15/2021	DAI Daimler	Set Price Target	€82.00	€116.00		N/A
9/15/2021	PAH3 Porsche Automobil	Set Price Target	€86.00	€89.00		N/A
9/15/2021	VOW3 Volkswagen	Set Price Target	€190.00	€237.00		N/A
9/15/2021	EZJ easyJet	Set Price Target	GBX 591	GBX 800		N/A
9/13/2021	MCHVF MGM China	Upgrade	$1.00		Market Perform ➝ Outperform	Low
9/13/2021	MGM MGM Resorts International	Upgrade	$47.00	$58.90	Market Perform ➝ Outperform	Low
9/13/2021	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€85.00	€120.00		N/A
9/9/2021	EZJ easyJet	Set Price Target	GBX 591	GBX 1,150		N/A
9/8/2021	ORA Orange	Set Price Target	€9.00	€10.80		N/A
9/8/2021	DTE Deutsche Telekom	Set Price Target	€16.00	€27.30		N/A
9/8/2021	HFG HelloFresh	Set Price Target	€81.00	€51.50		N/A
9/8/2021	VOD Vodafone Group	Set Price Target	GBX 112	GBX 155		N/A
9/7/2021	BTGOF BT Group	Initiated Coverage	$2.00		Market Perform	Low
9/7/2021	TLSNY Telia Company AB (publ)	Initiated Coverage	$8.00		Market Perform	Medium
9/7/2021	ORAN Orange	Initiated Coverage	$11.00		Market Perform	Low
9/7/2021	VOD Vodafone Group	Initiated Coverage	$16.00		Outperform	Low
9/7/2021	TELNY Telenor ASA	Initiated Coverage	$16.00		Market Perform	Low
9/7/2021	DTEGY Deutsche Telekom	Initiated Coverage	$19.00		Outperform	Low
9/7/2021	LBTYA Liberty Global	Initiated Coverage	$30.00	$34.40	Outperform	Low
9/7/2021	CLLNY Cellnex Telecom	Initiated Coverage	$31.00		Outperform	Low
9/7/2021	SCMWY Swisscom	Initiated Coverage	$59.00		Market Perform	Low
9/7/2021	VOW3 Volkswagen	Set Price Target	€190.00	€237.00		N/A
9/6/2021	EVK Evonik Industries	Set Price Target	€28.00	€42.00		N/A
9/6/2021	BAS Basf	Set Price Target	€64.00	€112.00		N/A
9/3/2021	CNR Canadian National Railway	Lower Price Target	C$162.00	C$105.00 ➝ C$99.00		N/A
9/2/2021	CNR Canadian National Railway	Reiterated Rating	C$162.00	C$159.00 ➝ C$168.00	Outperform	N/A
9/1/2021	RNO Renault	Set Price Target	€32.00	€42.00		N/A
9/1/2021	DAI Daimler	Set Price Target	€82.00	€116.00		N/A
9/1/2021	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€85.00	€120.00		N/A
9/1/2021	RI Pernod Ricard	Set Price Target	€196.00	€193.00		N/A
9/1/2021	VOW3 Volkswagen	Set Price Target	€190.00	€237.00		N/A
9/1/2021	MC LVMH Moët Hennessy - Louis Vuitton, Société Européenne	Set Price Target	€646.00	€843.00		N/A
9/1/2021	KER Kering	Set Price Target	€650.00	€881.00		N/A
8/31/2021	DGE Diageo	Set Price Target	GBX 3,644	GBX 3,580		N/A
8/26/2021	EVK Evonik Industries	Set Price Target	€28.00	€42.00		N/A
8/26/2021	BAS Basf	Set Price Target	€64.00	€112.00		N/A
8/26/2021	SY1 Symrise	Set Price Target	€114.00	€109.00		N/A
8/26/2021	CRM salesforce.com	Boost Price Target	$290.00	$266.00 ➝ $290.00	Market Perform	High
8/25/2021	DHER Delivery Hero	Set Price Target	€116.00	€175.00		N/A
8/25/2021	DGE Diageo	Set Price Target	GBX 3,644	GBX 3,580		N/A
8/25/2021	JET Just Eat Takeaway.com	Set Price Target	GBX 6,055	GBX 8,200		N/A
8/23/2021	ULVR Unilever	Set Price Target	GBX 3,819	GBX 3,500		N/A
8/20/2021	EVK Evonik Industries	Set Price Target	€28.00	€42.00		N/A
8/20/2021	BAS Basf	Set Price Target	€64.00	€112.00		N/A
8/20/2021	SY1 Symrise	Set Price Target	€114.00	€109.00		N/A
8/19/2021	DHER Delivery Hero	Set Price Target	€116.00	€175.00		N/A
8/19/2021	JET Just Eat Takeaway.com	Set Price Target	GBX 6,055	GBX 8,200		N/A
8/18/2021	HEN3 Henkel AG & Co. KGaA	Set Price Target	€77.00	€97.00		N/A
8/17/2021	TSLA Tesla	Boost Price Target	$866.00	$180.00 ➝ $300.00	Underperform	Low
8/12/2021	HFG HelloFresh	Set Price Target	€81.00	€51.50		N/A
8/12/2021	HEN3 Henkel AG & Co. KGaA	Set Price Target	€77.00	€103.00		N/A
8/12/2021	DHER Delivery Hero	Set Price Target	€116.00	€156.10		N/A
8/11/2021	SURRY Sun Art Retail Group	Downgrade	$6.00		Outperform ➝ Market Perform	High
8/11/2021	LHA Deutsche Lufthansa	Set Price Target	€6.00	€11.00		N/A
8/10/2021	KUASF Kuaishou Technology	Upgrade	$10.00		Underperform ➝ Market Perform	Low
8/10/2021	AAPL Apple	Reiterated Rating	$149.00	$132.00	Hold	Low
8/10/2021	RHHVF Roche	Reiterated Rating	$379.00		Buy	High
8/9/2021	TSGTF Tsingtao Brewery	Upgrade	$8.00		Market Perform ➝ Outperform	Low
8/9/2021	EOAN E.On	Set Price Target	€11.00	€13.30		N/A
8/6/2021	MEGGF Meggitt	Downgrade	$10.00	$8.00	Outperform ➝ Market Perform	Low
8/6/2021	HFG HelloFresh	Set Price Target	€81.00	€52.65		N/A
8/5/2021	LHA Deutsche Lufthansa	Set Price Target	€6.00	€11.00		N/A
8/5/2021	CA Carrefour	Set Price Target	€15.00	€14.90		N/A
8/5/2021	EVK Evonik Industries	Set Price Target	€28.00	€40.00		N/A
8/5/2021	SY1 Symrise	Set Price Target	€114.00	€98.00		N/A