Standpoint Research Stock Recommendations and Price Targets

This is a list of recent ratings by Standpoint Research.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
4/15/2021	APHA Aphria	Reiterated Rating	$15.00	$18.00	Hold	High
4/13/2021	APHA Aphria	Lower Price Target	C$17.00	C$22.00 ➝ C$18.00	Neutral	N/A
3/2/2021	CTB Cooper Tire & Rubber	Reiterated Rating	$60.00		Buy ➝ Sell	Low
2/24/2021	CTB Cooper Tire & Rubber	Downgrade	$60.00		Buy ➝ Sell	Low
2/19/2021	HEXO HEXO	Boost Price Target	C$7.00			N/A
1/27/2021	BBBY Bed Bath & Beyond	Downgrade	$25.00		Buy ➝ Hold	High
1/13/2021	GME GameStop	Downgrade	$181.00		Buy ➝ Hold	High
12/11/2020	LIT Global X Lithium & Battery Tech ETF	Downgrade	$61.00		Buy ➝ Hold	N/A
12/11/2020	QCOM QUALCOMM	Downgrade	$130.00		Buy ➝ Hold	Low
12/11/2020	AVGO Broadcom	Downgrade	$440.00		Buy ➝ Hold	Low
11/2/2020	HEXO HEXO	Lower Price Target	C$7.00	C$0.90 ➝ C$0.60		N/A
9/11/2020	XOM Exxon Mobil	Upgrade	$62.00		Hold ➝ Buy	Low
9/8/2020	HPE Hewlett Packard Enterprise	Upgrade	$17.00		Hold ➝ Buy	Medium
9/8/2020	HPQ HP	Upgrade	$33.00		Hold ➝ Buy	Medium
9/8/2020	INTC Intel	Upgrade	$55.00		Hold ➝ Buy	High
9/8/2020	OMC Omnicom Group	Initiated Coverage	$83.00		Buy	Medium
8/3/2020	Z Zillow Group	Downgrade	$110.00		Buy ➝ Hold	Low
8/3/2020	UPS United Parcel Service	Downgrade	$216.00		Buy ➝ Hold	Low
8/3/2020	SWKS Skyworks Solutions	Downgrade	$164.00		Buy ➝ Hold	Low
6/9/2020	XOM Exxon Mobil	Downgrade	$62.00		Buy ➝ Hold	Low
6/9/2020	C Citigroup	Downgrade	$77.00		Buy ➝ Hold	Medium
6/9/2020	EMN Eastman Chemical	Downgrade	$130.00		Buy ➝ Hold	Medium
6/9/2020	CAT Caterpillar	Downgrade	$245.00		Buy ➝ Hold	Low
5/18/2020	DBI Designer Brands	Upgrade	$20.00		Hold ➝ Buy	N/A
5/18/2020	OXY Occidental Petroleum	Upgrade	$26.00		Hold ➝ Buy	High
5/18/2020	VOD Vodafone Group	Upgrade	$20.00		Reduce ➝ Buy	Medium
5/18/2020	CAG Conagra Brands	Downgrade	$38.00		Buy ➝ Hold	High
5/18/2020	BCO The Brink's	Upgrade	$80.00		Hold ➝ Buy	Low
5/18/2020	WPM Wheaton Precious Metals	Downgrade	$48.00		Buy ➝ Hold	Medium
5/18/2020	C Citigroup	Upgrade	$77.00		Hold ➝ Buy	Low
5/18/2020	EOG EOG Resources	Downgrade	$85.00		Buy ➝ Hold	Low
5/18/2020	QSR Restaurant Brands International	Initiated Coverage	$67.00		Buy	Low
5/18/2020	NEM Newmont	Downgrade	$74.00		Buy ➝ Hold	Low
5/18/2020	PNC The PNC Financial Services Group	Initiated Coverage	$199.00		Accumulate	Medium
5/18/2020	URI United Rentals	Downgrade	$341.00		Buy ➝ Hold	Medium
5/18/2020	NTES NetEase	Downgrade	$105.00		Reduce ➝ Hold	N/A
2/27/2020	GT The Goodyear Tire & Rubber	Upgrade	$20.00		Hold ➝ Buy	Medium
2/27/2020	HRB H&R Block	Upgrade	$25.00		Hold ➝ Buy	High
2/27/2020	CAG Conagra Brands	Upgrade	$38.00		Hold ➝ Buy	Medium
2/27/2020	PFE Pfizer	Upgrade	$40.00		Hold ➝ Buy	High
2/27/2020	CSCO Cisco Systems	Upgrade	$53.00		Hold ➝ Buy	High
2/27/2020	AIG American International Group	Upgrade	$52.00		Hold ➝ Buy	Medium
2/27/2020	EMN Eastman Chemical	Upgrade	$130.00		Hold ➝ Buy	High
2/27/2020	UAL United Airlines	Upgrade	$57.00		Hold ➝ Buy	High
2/27/2020	EXP Eagle Materials	Upgrade	$152.00		Hold ➝ Buy	Medium
2/27/2020	UPS United Parcel Service	Upgrade	$216.00		Hold ➝ Buy	Medium
2/27/2020	WYNN Wynn Resorts	Upgrade	$125.00		Hold ➝ Buy	Medium
1/16/2020	LVS Las Vegas Sands	Downgrade	$57.00		Buy ➝ Hold	Low
1/16/2020	WYNN Wynn Resorts	Downgrade	$125.00		Buy ➝ Hold	Low
12/23/2019	BEN Franklin Resources	Initiated Coverage	$35.00		Accumulate	Low
12/23/2019	NCR NCR	Initiated Coverage	$49.00		Accumulate	Medium
12/23/2019	FL Foot Locker	Upgrade	$66.00		Hold ➝ Buy	Medium
12/23/2019	BK The Bank of New York Mellon	Initiated Coverage	$52.00		Accumulate	Low
12/23/2019	CCL Carnival Co. &	Upgrade	$28.00		Hold ➝ Buy	Low
12/23/2019	NTAP NetApp	Upgrade	$78.00		Hold ➝ Buy	Low
12/12/2019	CAT Caterpillar	Downgrade	$245.00		Buy ➝ Hold	Low
11/1/2019	UCTT Ultra Clean	Downgrade	$48.00		Buy ➝ Hold	Low
11/1/2019	JBL Jabil	Downgrade	$54.00		Buy ➝ Hold	Low
11/1/2019	T AT&T	Downgrade	$31.00		Buy ➝ Hold	Low
11/1/2019	T TELUS	Downgrade	C$26.00		Buy ➝ Hold	N/A
11/1/2019	BMY Bristol-Myers Squibb	Downgrade	$65.00		Buy ➝ Hold	Low
11/1/2019	BIIB Biogen	Downgrade	$280.00		Buy ➝ Hold	Low
9/19/2019	FDX FedEx	Upgrade	$309.00		Hold ➝ Buy	Medium
9/4/2019	LVS Las Vegas Sands	Initiated Coverage	$57.00		Buy	Low
9/4/2019	WYNN Wynn Resorts	Initiated Coverage	$125.00		Buy	Low
9/3/2019	O Realty Income	Boost Price Target	$65.00	$83.00	Overweight	High
7/25/2019	VIV Telefônica Brasil	Downgrade	$8.00		Buy ➝ Hold	Low
7/25/2019	ESLT Elbit Systems	Downgrade	$135.00		Buy ➝ Hold	Low
7/16/2019	Z Zillow Group	Downgrade	$110.00		Buy ➝ Hold	Low
7/16/2019	CMI Cummins	Downgrade	$266.00		Buy ➝ Hold	Low
7/16/2019	TRIP TripAdvisor	Initiated Coverage	$41.00	$60.00	Buy ➝ Buy	Medium
7/16/2019	EXPE Expedia Group	Initiated Coverage	$169.00	$180.00	Buy ➝ Buy	Low
6/5/2019	MOS The Mosaic	Upgrade	$37.00		Hold ➝ Buy	High
6/5/2019	AAL American Airlines Group	Initiated Coverage	$23.00		Buy ➝ Buy	High
6/5/2019	CVS CVS Health	Upgrade	$85.00		Hold ➝ Buy	High
6/5/2019	CAT Caterpillar	Upgrade	$245.00		Hold ➝ Buy	Low
6/5/2019	BIIB Biogen	Upgrade	$280.00		Hold ➝ Buy	Low
5/9/2019	TPR Tapestry	Upgrade	$47.00		Hold ➝ Buy	High
5/3/2019	ELP Companhia Paranaense de Energia - COPEL	Downgrade	$5.00		Buy ➝ Hold	Low
4/29/2019	TSN Tyson Foods	Downgrade	$81.00		Buy ➝ Hold	Low
4/3/2019	M Macy's	Upgrade	$19.00		Hold ➝ Buy	Low
4/3/2019	GPS The Gap	Upgrade	$36.00		Hold ➝ Buy	Low
3/29/2019	SID Companhia Siderúrgica Nacional	Downgrade	$9.00		Buy ➝ Hold	Medium
3/29/2019	IBN ICICI Bank	Downgrade	$17.00		Buy ➝ Hold	Low
3/29/2019	WPM Wheaton Precious Metals	Downgrade	$48.00		Buy ➝ Hold	Low
3/18/2019	NUE Nucor	Upgrade	$106.00		Hold ➝ Buy	Low
3/18/2019	MU Micron Technology	Upgrade	$80.00		Hold ➝ Buy	Medium
3/1/2019	GPS The Gap	Downgrade	$36.00		Buy ➝ Hold	Low
3/1/2019	CSIQ Canadian Solar	Downgrade	$36.00		Buy ➝ Hold	Low
2/22/2019	SKX Skechers U.S.A.	Downgrade	$49.00		Buy ➝ Hold	Low
2/22/2019	XRX Xerox	Downgrade	$24.00		Buy ➝ Hold	Low
2/22/2019	UAL United Airlines	Downgrade	$57.00		Buy ➝ Hold	Low
2/21/2019	GIS General Mills	Downgrade	$63.00		Buy ➝ Hold	Low
2/21/2019	VLO Valero Energy	Downgrade	$82.00		Buy ➝ Hold	Medium
2/19/2019	ORCL Oracle	Downgrade	$79.00		Buy ➝ Hold	Low
2/19/2019	URI United Rentals	Downgrade	$341.00		Buy ➝ Hold	Low
2/7/2019	UPS United Parcel Service	Downgrade	$216.00		Buy ➝ Hold	Low
1/31/2019	EMN Eastman Chemical	Downgrade	$130.00		Buy ➝ Hold	Low
1/30/2019	CCL Carnival Co. &	Downgrade	$28.00	$57.16	Buy ➝ Hold	Low
1/16/2019	C Citigroup	Downgrade	$77.00		Buy ➝ Hold	Low