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
3/24/2023	HFG HelloFresh	Set Price Target	€17.00	€17.00		N/A
3/24/2023	XPEV XPeng	Downgrade	$10.00	$16.00 ➝ $12.00	Outperform ➝ Market Perform	Low
3/23/2023	RNO Renault	Set Price Target	€35.00	€55.00		N/A
3/23/2023	VOW3 Volkswagen	Set Price Target	€119.00	€145.00		N/A
3/22/2023	WIT Wipro	Downgrade	$4.00	$5.10 ➝ $3.90	Market Perform ➝ Underperform	Low
3/22/2023	SE SEA	Boost Price Target	$82.00	$80.00 ➝ $100.00	Outperform	Low
3/22/2023	NVDA NVIDIA	Set Price Target	$268.00	$265.00		Low
3/21/2023	BMRN BioMarin Pharmaceutical	Initiated Coverage	$91.00	$81.00	Underperform	Low
3/21/2023	VRTX Vertex Pharmaceuticals	Initiated Coverage	$314.00	$344.00	Outperform	Low
3/21/2023	ALNY Alnylam Pharmaceuticals	Initiated Coverage	$190.00	$243.00	Outperform	Low
3/21/2023	NTLA Intellia Therapeutics	Initiated Coverage	$38.00	$54.00	Outperform	Low
3/21/2023	BEAM Beam Therapeutics	Initiated Coverage	$30.00	$37.00	Market Perform	Low
3/21/2023	ALLO Allogene Therapeutics	Initiated Coverage	$5.00	$6.00	Market Perform	Low
3/21/2023	CRSP CRISPR Therapeutics	Initiated Coverage	$43.00	$44.00	Market Perform	Low
3/21/2023	ARWR Arrowhead Pharmaceuticals	Initiated Coverage	$24.00	$27.00	Market Perform	Low
3/21/2023	IONS Ionis Pharmaceuticals	Initiated Coverage	$34.00	$31.00	Underperform	Low
3/21/2023	SAP SAP	Boost Price Target	$123.00	$144.00 ➝ $154.00	Outperform	Low
3/21/2023	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€98.00	€105.00		N/A
3/21/2023	EOAN E.On	Set Price Target	€11.00	€9.30		N/A
3/20/2023	PEP PepsiCo	Upgrade	$179.00		Underperform ➝ Market Perform	Low
3/15/2023	VOW3 Volkswagen	Set Price Target	€119.00	€145.00		N/A
3/15/2023	EOAN E.On	Set Price Target	€11.00	€9.30		N/A
3/15/2023	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€98.00	€90.00		N/A
3/13/2023	HEN3 Henkel AG & Co. KGaA	Set Price Target	€69.00	€65.00		N/A
3/13/2023	DROOF Deliveroo	Upgrade	$1.00		Market Perform ➝ Outperform	Low
3/13/2023	LRCX Lam Research	Downgrade	$502.00		Outperform ➝ Market Perform	Low
3/13/2023	TOELY Tokyo Electron	Downgrade	$94.00		Outperform ➝ Market Perform	Low
3/9/2023	LHA Deutsche Lufthansa	Set Price Target	€9.00	€7.50		N/A
3/9/2023	ANPDY ANTA Sports Products	Initiated Coverage	$358.00		Outperform	Low
3/9/2023	LNNGY Li Ning	Initiated Coverage	$190.00		Outperform	Low
3/9/2023	ANFGF Antofagasta	Downgrade	$19.00		Outperform ➝ Market Perform	Low
3/9/2023	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€98.00	€90.00		N/A
3/9/2023	PAH3 Porsche Automobil	Set Price Target	€51.00	€60.00		N/A
3/9/2023	VOW3 Volkswagen	Set Price Target	€119.00	€145.00		N/A
3/9/2023	DPW Deutsche Post	Set Price Target	€41.00	€43.50		N/A
3/8/2023	SABR Sabre	Initiated Coverage	$4.00	$4.00	Underperform	Low
3/8/2023	SY1 Symrise	Set Price Target	€98.00	€110.00		N/A
3/7/2023	SHL Siemens Healthineers	Set Price Target	€51.00	€58.00		N/A
3/7/2023	HEN3 Henkel AG & Co. KGaA	Set Price Target	€69.00	€65.00		N/A
3/7/2023	HFG HelloFresh	Set Price Target	€17.00	€18.00		N/A
3/7/2023	SNN Smith & Nephew	Initiated Coverage	$28.00		Outperform	Low
3/7/2023	SMMNY Siemens Healthineers	Initiated Coverage	$27.00		Outperform	Low
3/7/2023	EKTAY Elekta AB (publ)	Initiated Coverage	$7.00		Outperform	Low
3/7/2023	PHG Koninklijke Philips	Initiated Coverage	$16.00		Market Perform	Low
3/7/2023	CNVVY ConvaTec Group	Initiated Coverage	$11.00		Outperform	Low
3/7/2023	CLPBY Coloplast A/S	Initiated Coverage	$12.00		Market Perform	Low
3/7/2023	FMS Fresenius Medical Care AG & Co. KGaA	Initiated Coverage	$20.00		Market Perform	Low
3/7/2023	DVA DaVita	Initiated Coverage	$76.00		Market Perform	Low
3/3/2023	DELL Dell Technologies	Lower Price Target	$37.00	$60.00 ➝ $51.00		Low
3/3/2023	LHA Deutsche Lufthansa	Set Price Target	€9.00	€6.00		N/A
3/2/2023	OKTA Okta	Boost Price Target	$82.00	$80.00 ➝ $92.00	Market Perform	Low
3/2/2023	EVK Evonik Industries	Set Price Target	€18.00	€29.00		N/A
3/1/2023	KMI Kinder Morgan	Upgrade	$17.00	$19.00 ➝ $22.00	Market Perform ➝ Outperform	Low
3/1/2023	SPR Spirit AeroSystems	Downgrade	$31.00	$46.00 ➝ $38.00	Outperform ➝ Market Perform	Low
3/1/2023	CRON Cronos Group	Lower Price Target	C$3.00	C$3.60 ➝ C$3.42		N/A
2/28/2023	PXD Pioneer Natural Resources	Lower Price Target	$192.00	$283.00 ➝ $241.00	Outperform	Low
2/28/2023	HFG HelloFresh	Set Price Target	€17.00	€18.00		N/A
2/27/2023	WMB Williams Companies	Downgrade	$29.00	$37.00 ➝ $34.00	Outperform ➝ Market Perform	Low
2/24/2023	IAG International Consolidated Airlines Group	Set Price Target	GBX 136	GBX 180		N/A
2/24/2023	BAS Basf	Set Price Target	€46.00	€67.00		N/A
2/24/2023	BYND Beyond Meat	Boost Price Target	$16.00	$10.00 ➝ $18.00	Market Perform	Low
2/22/2023	BN Danone	Set Price Target	€56.00	€55.00		N/A
2/21/2023	SU Schneider Electric S.E.	Set Price Target	€142.00	€159.00		N/A
2/21/2023	DE Deere & Company	Boost Price Target	$386.00	$364.00 ➝ $398.00	Market Perform	Low
2/17/2023	MDB MongoDB	Initiated Coverage	$217.00	$282.00	Outperform	Low
2/17/2023	RI Pernod Ricard	Set Price Target	€208.00	€229.00		N/A
2/17/2023	AF Air France-KLM	Set Price Target	€2.00	€1.00		N/A
2/16/2023	TRIP Tripadvisor	Downgrade	$18.00	$28.00 ➝ $26.00	Outperform ➝ Market Perform	Low
2/16/2023	IPGP IPG Photonics	Boost Price Target	$117.00	$100.00 ➝ $124.00	Market Perform	Low
2/16/2023	ZG Zillow Group	Boost Price Target	$43.00	$30.00 ➝ $35.00	Underperform	Low
2/16/2023	STM STMicroelectronics	Boost Price Target	$49.00	$45.00 ➝ $55.00		Low
2/16/2023	TWLO Twilio	Boost Price Target	$61.00	$58.00 ➝ $77.00	Market Perform	Low
2/16/2023	DVN Devon Energy	Lower Price Target	$47.00	$84.00 ➝ $71.00	Outperform	Low
2/16/2023	ADI Analog Devices	Boost Price Target	$188.00	$200.00 ➝ $220.00	Outperform	Low
2/16/2023	SAM Boston Beer	Downgrade	$325.00	$320.00 ➝ $255.00	Market Perform ➝ Underperform	Low
2/15/2023	ULVR Unilever	Set Price Target	GBX 4,197	GBX 3,500		N/A
2/15/2023	ADRNY Koninklijke Ahold Delhaize	Set Price Target	€33.00	€32.00		Low
2/15/2023	OSH Oak Street Health	Downgrade	$35.00	$35.00 ➝ $39.00	Outperform ➝ Market Perform	Low
2/15/2023	RNO Renault	Set Price Target	€35.00	€45.00		N/A
2/15/2023	PAH3 Porsche Automobil	Set Price Target	€51.00	€60.00		N/A
2/15/2023	VOW3 Volkswagen	Set Price Target	€119.00	€145.00		N/A
2/15/2023	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€98.00	€90.00		N/A
2/15/2023	KER Kering	Set Price Target	€580.00	€613.00		N/A
2/15/2023	DPW Deutsche Post	Set Price Target	€41.00	€43.50		N/A
2/14/2023	KUASF Kuaishou Technology	Downgrade	$7.00		Outperform ➝ Market Perform	Low
2/13/2023	DHER Delivery Hero	Set Price Target	€30.00	€80.00		N/A
2/13/2023	HII Huntington Ingalls Industries	Lower Price Target	$200.00	$247.00 ➝ $236.00	Market Perform	Low
2/9/2023	SPR Spirit AeroSystems	Boost Price Target	$31.00	$41.00 ➝ $46.00	Outperform	Low
2/9/2023	HSYDF Harmonic Drive Systems	Upgrade	$36.00		Underperform ➝ Outperform	Low
2/9/2023	ULVR Unilever	Set Price Target	GBX 4,197	GBX 3,500		N/A
2/9/2023	LHA Deutsche Lufthansa	Set Price Target	€9.00	€6.00		N/A
2/8/2023	DPSGY Deutsche Post	Downgrade	$45.00		Outperform ➝ Market Perform	Low
2/8/2023	KHNGY Kuehne + Nagel International	Upgrade	$57.00		Market Perform ➝ Outperform	Low
2/8/2023	BP BP	Boost Price Target	$36.00	$48.00 ➝ $53.00	Outperform	Low
2/8/2023	DPW Deutsche Post	Set Price Target	€41.00	€43.50		N/A
2/8/2023	MC LVMH Moët Hennessy - Louis Vuitton, Société Européenne	Set Price Target	€813.00	€908.00		N/A
2/7/2023	PAA Plains All American Pipeline	Downgrade	$12.00	$15.00 ➝ $14.50	Outperform ➝ Market Perform	Low
2/6/2023	DEO Diageo	Upgrade	$179.00		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	$106.00	$130.00		Low