SVB Securities Stock Recommendations and Price Targets

This is a list of recent ratings by SVB Securities.

Date	Company Name	Action	Current Price	Price Target	Rating
8/15/2023	GLTO Galecto	Downgrade	$23.00		Outperform ➝ Market Perform
8/15/2023	DSGN Design Therapeutics	Downgrade	$10.00	$6.00	Outperform ➝ Market Perform
8/15/2023	CNTA Centessa Pharmaceuticals	Boost Price Target	$29.00	$6.00 ➝ $11.00	Outperform ➝ Outperform
8/15/2023	CYTK Cytokinetics	Initiated Coverage	$66.00	$58.00	Outperform
8/8/2023	RLAY Relay Therapeutics	Initiated Coverage	$8.00		Outperform
8/8/2023	QTRX Quanterix	Upgrade	$8.00	$30.00	Market Perform ➝ Outperform
8/8/2023	EXEL Exelixis	Initiated Coverage	$44.00	$18.00	Market Perform
8/8/2023	IDYA IDEAYA Biosciences	Initiated Coverage	$36.00	$33.00	Outperform
8/8/2023	NUVL Nuvalent	Initiated Coverage	$107.00	$42.00	Market Perform
8/4/2023	NVCR NovoCure	Initiated Coverage	$12.00	$51.00	Outperform
7/26/2023	BLTE Belite Bio	Initiated Coverage	$146.00	$25.00	Outperform
7/24/2023	NBIX Neurocrine Biosciences	Upgrade	$153.00	$115.00 ➝ $125.00	Market Perform ➝ Outperform
7/13/2023	CYRX CryoPort	Downgrade	$10.00	$30.00 ➝ $10.00	Outperform ➝ Market Perform
7/10/2023	BMY Bristol Myers Squibb	Initiated Coverage	$52.00	$66.00	Market Perform
6/26/2023	MLTX MoonLake Immunotherapeutics	Boost Price Target	$15.00	$28.00 ➝ $56.00
6/20/2023	EHAB Enhabit	Initiated Coverage	$9.00	$10.00	Underperform
6/14/2023	PEPG PepGen	Lower Price Target	$5.00	$33.00 ➝ $28.00
6/14/2023	UNH UnitedHealth Group	Lower Price Target	$333.00	$625.00 ➝ $560.00
6/12/2023	OCS Oculis	Initiated Coverage	$19.00		Outperform
6/8/2023	CVAC CureVac	Initiated Coverage	$5.00	$13.00	Outperform
6/5/2023	CSTL Castle Biosciences	Lower Price Target	$41.00	$50.00 ➝ $35.00
5/26/2023	UHS Universal Health Services	Upgrade	$232.00	$147.00 ➝ $170.00	Market Perform ➝ Outperform
5/24/2023	A Agilent Technologies	Lower Price Target	$148.00	$170.00 ➝ $145.00	Outperform
5/23/2023	VECT VectivBio	Downgrade	$17.00		Outperform ➝ Market Perform
5/12/2023	ARWR Arrowhead Pharmaceuticals	Downgrade	$65.00	$40.00	Outperform ➝ Market Perform
5/5/2023	ABCL AbCellera Biologics	Lower Price Target	$4.00	$16.00 ➝ $15.00
5/5/2023	ALHC Alignment Healthcare	Lower Price Target	$20.00	$24.00 ➝ $12.00
5/5/2023	VIR Vir Biotechnology	Lower Price Target	$7.00	$43.00 ➝ $42.00
5/5/2023	PRVA Privia Health Group	Boost Price Target	$24.00	$39.00 ➝ $40.00
5/5/2023	AGIO Agios Pharmaceuticals	Lower Price Target	$27.00	$37.00 ➝ $34.00
5/5/2023	LNTH Lantheus	Boost Price Target	$61.00	$120.00 ➝ $127.00
5/5/2023	REGN Regeneron Pharmaceuticals	Lower Price Target	$726.00	$976.00 ➝ $895.00
5/1/2023	DHR Danaher	Initiated Coverage	$228.00	$300.00	Outperform
5/1/2023	LLY Eli Lilly and Company	Boost Price Target	$1,015.00	$410.00 ➝ $458.00
4/27/2023	HUM Humana	Lower Price Target	$254.00	$640.00 ➝ $600.00
4/26/2023	ALVR AlloVir	Boost Price Target	$6.00	$368.00 ➝ $437.00
4/24/2023	PRTA Prothena	Initiated Coverage	$11.00	$80.00	Outperform
4/17/2023	MRUS Merus	Boost Price Target	$96.00	$35.00 ➝ $48.00	Outperform
4/13/2023	FDMT 4D Molecular Therapeutics	Lower Price Target	$11.00	$14.00 ➝ $13.00	Market Perform
4/13/2023	BBIO BridgeBio Pharma	Boost Price Target	$74.00	$25.00 ➝ $27.00	Outperform
4/12/2023	ARWR Arrowhead Pharmaceuticals	Upgrade	$65.00	$21.00 ➝ $35.00	Market Perform ➝ Outperform
4/11/2023	CORT Corcept Therapeutics	Initiated Coverage	$85.00	$25.00	Market Perform
4/10/2023	IPHA Innate Pharma	Boost Price Target	$2.00	$9.00 ➝ $10.00
3/30/2023	ACLX Arcellx	Boost Price Target	$71.00	$35.00 ➝ $39.00
3/27/2023	REGN Regeneron Pharmaceuticals	Upgrade	$726.00	$834.00 ➝ $976.00	Market Perform ➝ Outperform
3/24/2023	INCY Incyte	Upgrade	$100.00	$61.00	Underperform ➝ Market Perform
3/17/2023	CNTA Centessa Pharmaceuticals	Initiated Coverage	$29.00	$6.00	Outperform
3/17/2023	PTCT PTC Therapeutics	Initiated Coverage	$78.00	$48.00	Market Perform
3/16/2023	HALO Halozyme Therapeutics	Downgrade	$63.00	$42.00	Outperform ➝ Market Perform
3/10/2023	FULC Fulcrum Therapeutics	Lower Price Target	$9.00	$18.00 ➝ $10.00
3/3/2023	ARGX argenex	Boost Price Target	$917.00	$430.00 ➝ $435.00
3/1/2023	MDRX Veradigm	Lower Price Target	$5.00	$24.00 ➝ $17.00
3/1/2023	AHCO AdaptHealth	Lower Price Target	$10.00	$30.00 ➝ $23.00
2/28/2023	GPCR Structure Therapeutics	Initiated Coverage	$32.00	$33.00	Outperform
2/28/2023	IRON Disc Medicine	Initiated Coverage	$93.00	$36.00	Outperform
2/24/2023	NKTR Nektar Therapeutics	Lower Price Target	$56.00	$75.00 ➝ $45.00
2/24/2023	MRNA Moderna	Downgrade	$26.00	$111.00 ➝ $93.00	Market Perform ➝ Underperform
2/23/2023	TDOC Teladoc Health	Upgrade	$8.00	$34.00	Market Perform ➝ Outperform
2/23/2023	IONS Ionis Pharmaceuticals	Lower Price Target	$83.00	$34.00 ➝ $27.00
2/10/2023	ABBV AbbVie	Upgrade	$229.00	$135.00 ➝ $153.00	Underperform ➝ Market Perform
2/8/2023	CI Cigna Group	Lower Price Target	$269.00	$335.00 ➝ $309.00
2/8/2023	VRTX Vertex Pharmaceuticals	Lower Price Target	$457.00	$374.00 ➝ $365.00
2/2/2023	AMGN Amgen	Lower Price Target	$344.00	$282.00 ➝ $267.00
2/2/2023	META Meta Platforms	Boost Price Target	$664.00	$220.00 ➝ $255.00	Outperform
1/30/2023	DNLI Denali Therapeutics	Initiated Coverage	$20.00	$50.00	Outperform
1/24/2023	BHVN Biohaven	Initiated Coverage	$9.00	$24.00	Outperform