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
5/23/2022	RNO Renault	Set Price Target	€24.00	€25.00		N/A
5/23/2022	DHER Delivery Hero	Set Price Target	€30.00	€95.00		N/A
5/23/2022	ZG Zillow Group	Initiated Coverage	$41.00		Underperform	Low
5/23/2022	EBAY eBay	Initiated Coverage	$45.00		Market Perform	Low
5/23/2022	W Wayfair	Initiated Coverage	$50.00		Underperform	Low
5/23/2022	DASH DoorDash	Initiated Coverage	$68.00		Outperform ➝ Top Pick	Low
5/23/2022	PAH3 Porsche Automobil	Set Price Target	€73.00	€60.00		N/A
5/23/2022	ETSY Etsy	Initiated Coverage	$76.00		Outperform	Low
5/23/2022	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€78.00	€100.00		N/A
5/23/2022	VOW3 Volkswagen	Set Price Target	€148.00	€160.00		N/A
5/23/2022	NVDA NVIDIA	Lower Price Target	$169.00	$325.00 ➝ $225.00	Outperform	Low
5/20/2022	HFG HelloFresh	Set Price Target	€34.00	€31.00		N/A
5/20/2022	MDT Medtronic	Reiterated Rating	$104.00	$122.00	Buy	Medium
5/20/2022	DGE Diageo	Set Price Target	GBX 3,640	GBX 4,150		N/A
5/19/2022	ORKLY Orkla ASA	Upgrade	$8.00		Market Perform ➝ Outperform	Low
5/19/2022	HEN3 Henkel AG & Co. KGaA	Set Price Target	€63.00	€74.00		N/A
5/19/2022	NSRGY Nestlé	Downgrade	$118.00		Outperform ➝ Market Perform	Medium
5/19/2022	ADI Analog Devices	Boost Price Target	$162.00	$200.00	Outperform	Low
5/19/2022	EZJ easyJet	Set Price Target	GBX 510	GBX 800		N/A
5/18/2022	NLLSF Nel ASA	Initiated Coverage	$1.00		Outperform	Low
5/18/2022	ITMPF ITM Power	Initiated Coverage	$4.00		Outperform	High
5/18/2022	MNST Monster Beverage	Upgrade	$87.00	$97.00 ➝ $110.00	Market Perform ➝ Outperform	High
5/18/2022	ITM ITM Power	Set Price Target	GBX 312	GBX 370		N/A
5/17/2022	RNLSY Renault	Initiated Coverage	$5.00		Market Perform	N/A
5/17/2022	VLVOF Volvo Car AB (publ.)	Initiated Coverage	$6.00		Outperform	N/A
5/17/2022	POAHY Porsche Automobil	Initiated Coverage	$8.00		Underperform	N/A
5/17/2022	STLA Stellantis	Initiated Coverage	$15.00		Market Perform	N/A
5/17/2022	VWAGY Volkswagen	Initiated Coverage	$20.00		Market Perform	N/A
5/17/2022	RNO Renault	Set Price Target	€24.00	€25.00		N/A
5/17/2022	BMWYY Bayerische Motoren Werke Aktiengesellschaft	Initiated Coverage	$28.00		Outperform	N/A
5/17/2022	TAP Molson Coors Beverage	Downgrade	$52.00	$59.00	Outperform ➝ Market Perform	Medium
5/17/2022	DDAIF Mercedes-Benz Group	Initiated Coverage	$69.00		Outperform	N/A
5/17/2022	PAH3 Porsche Automobil	Set Price Target	€73.00	€60.00		N/A
5/17/2022	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€78.00	€100.00		N/A
5/17/2022	ETR Entergy	Set Price Target	$117.00	$100.00	Market Perform	N/A
5/17/2022	VOW3 Volkswagen	Set Price Target	€148.00	€160.00		N/A
5/13/2022	DTE Deutsche Telekom	Set Price Target	€18.00	€24.60		N/A
5/11/2022	EOAN E.On	Set Price Target	€10.00	€12.80		N/A
5/10/2022	MO Altria Group	Downgrade	$52.00	$58.00 ➝ $53.00	Outperform ➝ Market Perform	High
5/9/2022	IAG International Consolidated Airlines Group	Set Price Target	GBX 125	GBX 190		N/A
5/6/2022	DHER Delivery Hero	Set Price Target	€30.00	€95.00		N/A
5/5/2022	API Agora	Initiated Coverage	$7.00	$10.00	Outperform	Low
5/5/2022	LHA Deutsche Lufthansa	Set Price Target	€7.00	€6.00		N/A
5/5/2022	SPR Spirit AeroSystems	Lower Price Target	$30.00	$66.00 ➝ $58.00		High
5/5/2022	KGX Kion Group	Set Price Target	€46.00	€66.00		N/A
5/5/2022	HEN3 Henkel AG & Co. KGaA	Set Price Target	€63.00	€74.00		N/A
5/5/2022	BIDU Baidu	Initiated Coverage	$124.00	$138.00	Market Perform	High
5/4/2022	SU Schneider Electric S.E.	Set Price Target	€128.00	€145.00		N/A
5/2/2022	AAPL Apple	Set Price Target	$143.00	$170.00		Low
4/29/2022	INTC Intel	Set Price Target	$42.00	$40.00		High
4/29/2022	HEN3 Henkel AG & Co. KGaA	Set Price Target	€63.00	€74.00		N/A
4/29/2022	ULVR Unilever	Set Price Target	GBX 3,552	GBX 3,300		N/A
4/28/2022	HFG HelloFresh	Set Price Target	€34.00	€32.00		N/A
4/28/2022	BA Boeing	Lower Price Target	$124.00	$239.00 ➝ $216.00		Medium
4/28/2022	RI Pernod Ricard	Set Price Target	€181.00	€222.00		N/A
4/27/2022	BAS Basf	Set Price Target	€50.00	€97.00		N/A
4/26/2022	CRRFY Carrefour	Upgrade	$4.00		Underperform ➝ Market Perform	Low
4/26/2022	LHA Deutsche Lufthansa	Set Price Target	€7.00	€6.00		N/A
4/26/2022	WXXWY WuXi Biologics (Cayman)	Initiated Coverage	$14.00		Outperform	Low
4/25/2022	GOLD Barrick Gold	Downgrade	$21.00		Outperform ➝ Market Perform	Low
4/25/2022	NEM Newmont	Downgrade	$67.00	$57.00	Outperform ➝ Market Perform	Medium
4/22/2022	DPW Deutsche Post	Set Price Target	€38.00	€65.00		N/A
4/22/2022	EA Electronic Arts	Initiated Coverage	$134.00	$157.00	Outperform	High
4/22/2022	TTWO Take-Two Interactive Software	Initiated Coverage	$124.00	$173.00	Outperform	High
4/21/2022	DANOY Danone	Downgrade	€12.00		Outperform ➝ Market Perform	Medium
4/21/2022	EVK Evonik Industries	Set Price Target	€26.00	€39.00		N/A
4/21/2022	BAS Basf	Set Price Target	€50.00	€97.00		N/A
4/20/2022	DHER Delivery Hero	Set Price Target	€30.00	€95.00		N/A
4/20/2022	BN Danone	Set Price Target	€55.00	€56.00		N/A
4/19/2022	ADRNY Koninklijke Ahold Delhaize	Set Price Target	€27.00	€33.00		N/A
4/19/2022	ADRNY Koninklijke Ahold Delhaize	Set Price Target	€27.00	€33.00		N/A
4/19/2022	GRAB Grab	Initiated Coverage	$3.00		Market Perform	High
4/19/2022	HFG HelloFresh	Set Price Target	€34.00	€32.00		N/A
4/13/2022	ADRNY Koninklijke Ahold Delhaize	Set Price Target	€27.00	€33.00		N/A
4/13/2022	ADRNY Koninklijke Ahold Delhaize	Set Price Target	€27.00	€33.00		N/A
4/12/2022	EZJ easyJet	Set Price Target	GBX 510	GBX 800		N/A
4/12/2022	MC LVMH Moët Hennessy - Louis Vuitton, Société Européenne	Set Price Target	€561.00	€781.00		N/A
4/11/2022	HFG HelloFresh	Set Price Target	€34.00	€39.00		N/A
4/11/2022	BAS Basf	Set Price Target	€50.00	€108.00		N/A
4/5/2022	LHA Deutsche Lufthansa	Set Price Target	€7.00	€6.00		N/A
4/5/2022	EOAN E.On	Set Price Target	€10.00	€12.80		N/A
4/5/2022	UN01 Uniper	Set Price Target	€25.00	€20.50		N/A
3/25/2022	TEVA Teva Pharmaceutical Industries	Upgrade	$8.00	$11.00	Market Perform ➝ Outperform	Medium
3/23/2022	LHA Deutsche Lufthansa	Set Price Target	€7.00	€6.00		N/A
3/23/2022	DTE Deutsche Telekom	Set Price Target	€18.00	€24.60		N/A
3/22/2022	TOST Toast	Initiated Coverage	$15.00	$19.00	Market Perform	Low
3/22/2022	RYAAY Ryanair	Upgrade	$87.00	$107.00	Market Perform ➝ Outperform	Low
3/22/2022	EZJ easyJet	Set Price Target	GBX 510	GBX 800		N/A
3/17/2022	WTBDY Whitbread	Upgrade	$8.00		Underperform ➝ Market Perform	Low
3/17/2022	EOAN E.On	Set Price Target	€10.00	€13.60		N/A
3/17/2022	UN01 Uniper	Set Price Target	€25.00	€23.00		N/A
3/16/2022	SSNLF Samsung Electronics	Upgrade	$58.00		Market Perform ➝ Outperform	Low
3/16/2022	MU Micron Technology	Upgrade	$70.00	$94.00	Market Perform ➝ Outperform	High
3/16/2022	EW Edwards Lifesciences	Upgrade	$96.00	$132.00 ➝ $135.00	Market Perform ➝ Outperform	Low
3/16/2022	JNJ Johnson & Johnson	Downgrade	$179.00	$180.00 ➝ $183.00	Outperform ➝ Market Perform	Low
3/16/2022	SYK Stryker	Upgrade	$233.00	$288.00 ➝ $295.00	Market Perform ➝ Outperform	Medium
3/15/2022	SFIX Stitch Fix	Initiated Coverage	$8.00	$11.00	Market Perform	High
3/15/2022	DPW Deutsche Post	Set Price Target	€38.00	€65.00		N/A
3/15/2022	ADS adidas	Set Price Target	€175.00	€350.00		N/A
3/14/2022	DANOY Danone	Upgrade	$12.00		Market Perform ➝ Outperform	Medium