TD Cowen Stock Recommendations and Price Targets

This is a list of recent ratings by TD Cowen.

Date	Company Name	Action	Current Price	Price Target	Rating
10/30/2026	MPWR Monolithic Power Systems	Reiterated Rating	$1,212.00		Buy ➝ Buy
10/30/2026	AMZN Amazon.com	Reiterated Rating	$240.00	$350.00 ➝ $340.00	Buy ➝ Buy
10/30/2026	SBUX Starbucks	Reiterated Rating	$104.00	$120.00	Buy ➝ Buy
10/30/2026	GILD Gilead Sciences	Boost Price Target	$171.00	$160.00 ➝ $175.00	Buy ➝ Buy
10/30/2026	ATEC Alphatec	Lower Price Target	$7.00	$13.00 ➝ $10.00	Buy ➝ Buy
10/30/2026	FND Floor & Decor	Lower Price Target	$48.00	$58.00 ➝ $52.00	Hold ➝ Hold
10/30/2026	MDLZ Mondelez International	Boost Price Target	$65.00	$70.00 ➝ $75.00	Buy ➝ Buy
10/30/2026	TWLO Twilio	Reiterated Rating	$206.00		Buy ➝ Buy
10/30/2026	TNET TriNet Group	Lower Price Target	$64.00	$66.00 ➝ $65.00	Hold ➝ Hold
10/30/2026	TDUP ThredUp	Initiated Coverage	$2.00		Strong-Buy
10/30/2026	SPCE Virgin Galactic	Initiated Coverage	$3.00		Strong-Buy
10/30/2026	COTY Coty	Initiated Coverage	$3.00		Hold
10/30/2026	MBLY Mobileye Global	Downgrade	$6.00	$8.00 ➝ $7.00	Buy ➝ Hold
10/30/2026	GOOS Canada Goose	Initiated Coverage	$8.00		Strong-Buy
10/30/2026	LUXE LuxExperience B.V.	Initiated Coverage	$10.00		Strong-Buy
10/30/2026	SKIN Beauty Health	Initiated Coverage	$10.00		Hold
10/30/2026	GO Grocery Outlet	Initiated Coverage	$13.00		Hold
10/30/2026	GDYN Grid Dynamics	Boost Price Target	$13.00	$9.00 ➝ $13.00	Buy ➝ Buy
10/30/2026	ZGN Ermenegildo Zegna	Initiated Coverage	$13.00		Strong-Buy
10/30/2026	FRBT Forbright	Boost Price Target	$18.00	$24.00 ➝ $25.00	Buy ➝ Buy
10/30/2026	SBH Sally Beauty	Initiated Coverage	$18.00		Strong-Buy
10/30/2026	CPRI Capri	Initiated Coverage	$19.00		Hold
10/30/2026	PGY Pagaya Technologies	Boost Price Target	$19.00	$25.00 ➝ $27.00	Buy ➝ Buy
10/30/2026	PPRUY Kering	Initiated Coverage	$20.00		Hold
10/30/2026	CFRUY Compagnie Financiere Richemont	Initiated Coverage	$20.00		Strong-Buy
10/30/2026	UPBD Upbound Group	Lower Price Target	$21.00	$27.00 ➝ $26.00	Buy ➝ Buy
10/30/2026	RVLV Revolve Group	Initiated Coverage	$22.00		Strong-Buy
10/30/2026	LEVI Levi Strauss & Co.	Initiated Coverage	$22.00		Strong-Buy
10/30/2026	M Macy's	Initiated Coverage	$24.00		Hold
10/30/2026	KSS Kohl's	Initiated Coverage	$24.00		Hold
10/30/2026	WRBY Warby Parker	Initiated Coverage	$25.00		Strong-Buy
10/30/2026	BSX Boston Scientific	Downgrade	$42.00	$56.00 ➝ $46.00	Buy ➝ Hold
10/30/2026	CCB Coastal Financial	Boost Price Target	$43.00	$47.00 ➝ $50.00	Buy ➝ Buy
10/30/2026	TPG TPG	Boost Price Target	$47.00	$60.00 ➝ $61.00	Buy ➝ Buy
10/30/2026	BWA BorgWarner	Lower Price Target	$52.00	$68.00 ➝ $67.00	Hold ➝ Hold
10/30/2026	PTCT PTC Therapeutics	Boost Price Target	$60.00	$90.00 ➝ $95.00	Buy ➝ Buy
10/30/2026	INTC Intel	Lower Price Target	$66.00	$95.00 ➝ $75.00	Hold ➝ Hold
10/30/2026	EXEL Exelixis	Boost Price Target	$69.00	$55.00 ➝ $76.00	Buy ➝ Buy
10/30/2026	BBIO BridgeBio Pharma	Lower Price Target	$75.00	$110.00 ➝ $100.00	Buy ➝ Buy
10/30/2026	LVMUY LVMH-Moet Hennessy Louis Vuitton	Initiated Coverage	$86.00		Hold
10/30/2026	TROW T. Rowe Price Group	Lower Price Target	$104.00	$109.00 ➝ $96.00	Hold ➝ Hold
10/30/2026	BJ BJ's Wholesale Club	Initiated Coverage	$107.00		Strong-Buy
10/30/2026	EL Estee Lauder Companies	Initiated Coverage	$109.00		Hold
10/30/2026	ELF e.l.f. Beauty	Initiated Coverage	$112.00		Strong-Buy
10/30/2026	TPR Tapestry	Initiated Coverage	$116.00		Strong-Buy
10/30/2026	WMT Walmart	Initiated Coverage	$124.00		Strong-Buy
10/30/2026	ARES Ares Management	Lower Price Target	$128.00	$159.00 ➝ $158.00	Buy ➝ Buy
10/30/2026	EHC Encompass Health	Boost Price Target	$136.00	$140.00 ➝ $150.00	Buy ➝ Buy
10/30/2026	TGT Target	Initiated Coverage	$154.00		Hold
10/30/2026	HSY Hershey	Downgrade	$166.00	$198.00 ➝ $173.00	Buy ➝ Hold
10/30/2026	ALNY Alnylam Pharmaceuticals	Lower Price Target	$165.00	$482.00 ➝ $354.00	Buy ➝ Buy
10/30/2026	ICE Intercontinental Exchange	Boost Price Target	$169.00	$167.00 ➝ $182.00	Hold ➝ Hold
10/30/2026	XPO XPO	Boost Price Target	$190.00	$228.00 ➝ $230.00	Buy ➝ Buy
10/30/2026	SYK Stryker	Lower Price Target	$292.00	$298.00 ➝ $290.00	Hold ➝ Hold
10/30/2026	SAIA Saia	Lower Price Target	$345.00	$400.00 ➝ $393.00	Hold ➝ Hold
10/30/2026	WST West Pharmaceutical Services	Boost Price Target	$413.00	$420.00 ➝ $500.00	Buy ➝ Buy
10/30/2026	CACC Credit Acceptance	Lower Price Target	$465.00	$590.00 ➝ $470.00	Hold ➝ Hold
10/30/2026	MA Mastercard	Boost Price Target	$638.00	$667.00 ➝ $726.00	Buy ➝ Buy
10/30/2026	ULTA Ulta Beauty	Initiated Coverage	$640.00		Strong-Buy
10/30/2026	COST Costco Wholesale	Initiated Coverage	$1,012.00		Strong-Buy
10/29/2026	PWR Quanta Services	Boost Price Target	$620.00	$785.00 ➝ $830.00	Buy ➝ Buy
10/29/2026	WM Waste Management	Reiterated Rating	$233.00		Buy ➝ Buy
10/29/2026	GOOG Alphabet	Reiterated Rating	$278.00	$485.00 ➝ $460.00	Buy ➝ Buy
10/29/2026	VRT Vertiv	Boost Price Target	$232.00	$356.00 ➝ $357.00	Buy ➝ Buy
10/29/2026	UMBF UMB Financial	Boost Price Target	$134.00	$152.00 ➝ $154.00	Buy ➝ Buy
10/29/2026	PB Prosperity Bancshares	Boost Price Target	$72.00	$78.00 ➝ $80.00	Buy ➝ Buy
10/29/2026	NEO NeoGenomics	Boost Price Target	$17.00	$19.00 ➝ $23.00	Buy ➝ Buy
10/29/2026	IQV IQVIA	Boost Price Target	$267.00	$288.00 ➝ $307.00	Buy ➝ Buy
10/29/2026	ALK Alaska Air Group	Reiterated Rating	$36.00	$44.00 ➝ $41.00	Buy ➝ Buy
10/29/2026	AER AerCap	Boost Price Target	$159.00	$185.00 ➝ $195.00	Buy ➝ Buy
10/29/2026	TENB Tenable	Boost Price Target	$51.00	$44.00 ➝ $50.00	Buy ➝ Buy
10/29/2026	BOOT Boot Barn	Lower Price Target	$132.00	$160.00 ➝ $140.00	Buy ➝ Buy
10/29/2026	BKR Baker Hughes	Boost Price Target	$55.00	$76.00 ➝ $77.00	Buy ➝ Buy
10/29/2026	OSW OneSpaWorld	Boost Price Target	$30.00	$30.00 ➝ $32.00	Buy ➝ Buy
10/29/2026	GEV GE Vernova	Lower Price Target	$855.00	$1,235.00 ➝ $1,125.00	Buy ➝ Buy
10/29/2026	CMG Chipotle Mexican Grill	Reiterated Rating	$32.00	$32.00	Hold ➝ Hold
10/29/2026	PRG PROG	Lower Price Target	$35.00	$50.00 ➝ $45.00	Buy ➝ Buy
10/29/2026	RNST Renasant	Lower Price Target	$40.00	$46.00 ➝ $45.00	Buy ➝ Buy
10/29/2026	EXLS ExlService	Boost Price Target	$41.00	$45.00 ➝ $49.00	Buy ➝ Buy
10/29/2026	LUV Southwest Airlines	Boost Price Target	$42.00	$47.00 ➝ $48.00	Buy ➝ Buy
10/29/2026	QSR Restaurant Brands International	Reiterated Rating	$72.00	$78.00	Hold ➝ Hold
10/29/2026	FORM FormFactor	Boost Price Target	$88.00	$100.00 ➝ $110.00	Hold ➝ Hold
10/29/2026	NOW ServiceNow	Lower Price Target	$105.00	$165.00 ➝ $160.00	Buy ➝ Buy
10/29/2026	FTNT Fortinet	Lower Price Target	$136.00	$225.00 ➝ $190.00	Buy ➝ Buy
10/29/2026	WING Wingstop	Reiterated Rating	$150.00	$120.00	Hold ➝ Hold
10/29/2026	ORCL Oracle	Reiterated Rating	$130.00	$240.00	Buy ➝ Buy
10/29/2026	TMUS T-Mobile US	Lower Price Target	$156.00	$260.00 ➝ $258.00	Buy ➝ Buy
10/29/2026	ODFL Old Dominion Freight Line	Lower Price Target	$173.00	$233.00 ➝ $226.00	Hold ➝ Hold
10/29/2026	ICLR Icon	Boost Price Target	$211.00	$197.00 ➝ $254.00	Buy ➝ Buy
10/29/2026	EAT Brinker International	Boost Price Target	$212.00	$250.00 ➝ $270.00	Buy ➝ Buy
10/29/2026	BIIB Biogen	Boost Price Target	$254.00	$250.00 ➝ $260.00	Buy ➝ Buy
10/29/2026	CLH Clean Harbors	Boost Price Target	$302.00	$390.00 ➝ $395.00	Buy ➝ Buy
10/29/2026	MSFT Microsoft	Boost Price Target	$522.00	$625.00 ➝ $650.00	Buy ➝ Buy
10/29/2026	EQIX Equinix	Boost Price Target	$1,014.00	$1,166.00 ➝ $1,210.00	Buy ➝ Buy
10/28/2026	CHRW C.H. Robinson Worldwide	Lower Price Target	$125.00	$152.00 ➝ $145.00	Hold ➝ Hold
10/28/2026	HXL Hexcel	Reiterated Rating	$78.00		Hold ➝ Hold
10/28/2026	WEN Wendy's	Reiterated Rating	$7.00	$6.00	Hold ➝ Hold
10/28/2026	SOFI SoFi Technologies	Boost Price Target	$17.00	$17.50 ➝ $18.00	Hold ➝ Hold
10/28/2026	PYPL PayPal	Boost Price Target	$57.00	$59.00 ➝ $60.00	Hold ➝ Hold
10/28/2026	NXPI NXP Semiconductors	Boost Price Target	$260.00	$275.00 ➝ $280.00	Buy ➝ Buy