Nord/LB Stock Recommendations and Price Targets

This is a list of recent ratings by Nord/LB.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
1/4/2022	SHA Schaeffler	Set Price Target	€6.00	€7.00		N/A
1/4/2022	PBB Deutsche Pfandbriefbank	Set Price Target	€6.00	€10.50		N/A
1/4/2022	CBK Commerzbank	Set Price Target	€15.00	€6.50		N/A
1/4/2022	SZU Südzucker	Set Price Target	€14.00	€16.40		N/A
1/4/2022	DEQ Deutsche EuroShop	Set Price Target	€19.00	€15.00		N/A
1/4/2022	ARL Aareal Bank	Set Price Target	€33.00	€29.00		N/A
1/4/2022	SHL Siemens Healthineers	Set Price Target	€53.00	€60.00		N/A
1/4/2022	PAH3 Porsche Automobil	Set Price Target	€50.00	€100.00		N/A
1/4/2022	DAI Daimler	Set Price Target	€63.00	€82.00		N/A
1/4/2022	KWS KWS SAAT SE & Co. KGaA	Set Price Target	€57.00	€77.00		N/A
1/4/2022	HLE HELLA GmbH & Co. KGaA	Set Price Target	€85.00	€60.96		N/A
1/4/2022	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€96.00	€98.00		N/A
1/4/2022	VOW3 Volkswagen	Set Price Target	€120.00	€250.00		N/A
12/29/2021	SHA Schaeffler	Set Price Target	€6.00	€7.00		N/A
12/29/2021	PBB Deutsche Pfandbriefbank	Set Price Target	€6.00	€10.50		N/A
12/29/2021	CBK Commerzbank	Set Price Target	€15.00	€6.50		N/A
12/29/2021	SZU Südzucker	Set Price Target	€14.00	€16.40		N/A
12/29/2021	DEQ Deutsche EuroShop	Set Price Target	€19.00	€15.00		N/A
12/29/2021	ARL Aareal Bank	Set Price Target	€33.00	€29.00		N/A
12/29/2021	SHL Siemens Healthineers	Set Price Target	€53.00	€60.00		N/A
12/29/2021	PAH3 Porsche Automobil	Set Price Target	€50.00	€100.00		N/A
12/29/2021	DAI Daimler	Set Price Target	€63.00	€82.00		N/A
12/29/2021	KWS KWS SAAT SE & Co. KGaA	Set Price Target	€57.00	€77.00		N/A
12/29/2021	HLE HELLA GmbH & Co. KGaA	Set Price Target	€85.00	€60.96		N/A
12/29/2021	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€96.00	€98.00		N/A
12/29/2021	VOW3 Volkswagen	Set Price Target	€120.00	€250.00		N/A
12/23/2021	PBB Deutsche Pfandbriefbank	Set Price Target	€6.00	€10.50		N/A
12/23/2021	CBK Commerzbank	Set Price Target	€15.00	€6.50		N/A
12/23/2021	ARL Aareal Bank	Set Price Target	€33.00	€29.00		N/A
12/23/2021	VOW3 Volkswagen	Set Price Target	€120.00	€250.00		N/A
12/22/2021	SHL Siemens Healthineers	Set Price Target	€53.00	€60.00		N/A
12/21/2021	DEQ Deutsche EuroShop	Set Price Target	€19.00	€15.00		N/A
12/20/2021	NOEJ NORMA Group	Set Price Target	€20.00	€35.00		N/A
12/13/2021	VOW3 Volkswagen	Set Price Target	€120.00	€240.00		N/A
12/10/2021	DAI Daimler	Set Price Target	€63.00	€82.00		N/A
12/8/2021	UNPRF Uniper	Downgrade	$54.00		Buy ➝ Hold	Low
12/8/2021	PBB Deutsche Pfandbriefbank	Set Price Target	€6.00	€10.50		N/A
12/7/2021	VOW3 Volkswagen	Set Price Target	€120.00	€240.00		N/A
12/7/2021	RHM Rheinmetall	Set Price Target	€512.00	€83.00		N/A
12/3/2021	DAI Daimler	Set Price Target	€63.00	€96.00		N/A
12/1/2021	HEI Heidelberg Materials	Set Price Target	€98.00	€65.00		N/A
12/1/2021	LEG LEG Immobilien	Set Price Target	€87.00	€130.00		N/A
11/26/2021	VOW3 Volkswagen	Set Price Target	€120.00	€240.00		N/A
11/25/2021	GYC Grand City Properties	Set Price Target	€12.00	€22.00		N/A
11/25/2021	KNRRY Knorr-Bremse	Upgrade	$20.00		Hold ➝ Buy	Low
11/25/2021	DRW3 Drägerwerk AG & Co. KGaA	Set Price Target	€50.00	€72.00		N/A
11/25/2021	KBX Knorr-Bremse	Set Price Target	€74.00	€105.00		N/A
11/24/2021	AT1 Aroundtown	Set Price Target	€2.00	€6.20		N/A
11/23/2021	ARL Aareal Bank	Set Price Target	€33.00	€29.00		N/A
11/23/2021	SAX Ströer SE & Co. KGaA	Set Price Target	€67.00	€88.00		N/A
11/23/2021	HOT HOCHTIEF Aktiengesellschaft	Set Price Target	€99.00	€70.00		N/A
11/22/2021	SHA Schaeffler	Set Price Target	€6.00	€7.00		N/A
11/22/2021	EVD CTS Eventim AG & Co. KGaA	Set Price Target	€80.00	€60.00		N/A
11/17/2021	HHFA Hamburger Hafen und Logistik Aktiengesellschaft	Set Price Target	€17.00	€24.00		N/A
11/16/2021	EVK Evonik Industries	Set Price Target	€20.00	€29.00		N/A
11/16/2021	SZG Salzgitter	Set Price Target	€24.00	€40.00		N/A
11/16/2021	TLX Talanx	Set Price Target	€72.00	€48.00		N/A
11/15/2021	1COV Covestro	Set Price Target	€48.00	€60.00		N/A
11/12/2021	DTE DTE Energy	Set Price Target	€117.00	€21.00		N/A
11/12/2021	LEG LEG Immobilien	Set Price Target	€87.00	€130.00		N/A
11/12/2021	VOW3 Volkswagen	Set Price Target	€120.00	€220.00		N/A
11/12/2021	ALV Allianz	Set Price Target	€267.00	€200.00		N/A
11/9/2021	VNA Vonovia	Set Price Target	€30.00	€55.00		N/A
11/9/2021	G1A GEA Group Aktiengesellschaft	Set Price Target	€37.00	€50.00		N/A
11/9/2021	PAH3 Porsche Automobil	Set Price Target	€50.00	€100.00		N/A
11/8/2021	AOX alstria office REIT	Set Price Target	€4.00	€19.50		N/A
11/8/2021	HNR1 Hannover Rück	Set Price Target	€226.00	€150.00		N/A
11/8/2021	BNR Burning Rock Biotech	Set Price Target	€8.00	€860.00		N/A
11/5/2021	O2D Telefónica Deutschland	Set Price Target	€2.00	€3.20		N/A
11/5/2021	DUERF Dürr Aktiengesellschaft	Upgrade	$25.00		Hold ➝ Buy	N/A
11/5/2021	DUE Dürr Aktiengesellschaft	Set Price Target	€25.00	€44.00		N/A
11/5/2021	FME Fresenius Medical Care	Set Price Target	€40.00	€75.00		N/A
11/5/2021	DPW Ault Global	Set Price Target	€0.00	€65.00		N/A
11/4/2021	LHA Deutsche Lufthansa	Set Price Target	€7.00	€7.30		N/A
11/4/2021	CBK Commerzbank	Set Price Target	€15.00	€6.50		N/A
11/4/2021	LXS LANXESS Aktiengesellschaft	Set Price Target	€26.00	€60.00		N/A
11/3/2021	KCO Klöckner & Co SE	Set Price Target	€6.00	€13.00		N/A
11/3/2021	BMW Bayerische Motoren Werke Aktiengesellschaft	Set Price Target	€96.00	€98.00		N/A
11/3/2021	WCH Wacker Chemie	Set Price Target	€103.00	€158.00		N/A
11/2/2021	FRE Fresenius SE & Co. KGaA	Set Price Target	€28.00	€52.00		N/A
11/2/2021	LIN Linde	Set Price Target	€397.00	€270.00		N/A
10/29/2021	FPE Fuchs	Set Price Target	€34.00	€50.00		N/A
10/29/2021	DAI Daimler	Set Price Target	€63.00	€92.00		N/A
10/29/2021	MTX MTU Aero Engines	Set Price Target	€229.00	€215.00		N/A
10/28/2021	AIR Airbus	Set Price Target	€159.00	€140.00		N/A
10/28/2021	VOW3 Volkswagen	Set Price Target	€120.00	€225.00		N/A
10/27/2021	BAS Basf	Set Price Target	€49.00	€74.00		N/A
10/27/2021	WAF Siltronic	Set Price Target	€74.00	€145.00		N/A
10/26/2021	SY1 Symrise	Set Price Target	€102.00	€122.00		N/A
10/25/2021	KWS KWS SAAT SE & Co. KGaA	Set Price Target	€57.00	€77.00		N/A
10/21/2021	DB1 Deutsche Börse	Set Price Target	€185.00	€140.00		N/A
10/19/2021	AT1 Aroundtown	Set Price Target	€2.00	€7.00		N/A
10/19/2021	TEG TAG Immobilien	Set Price Target	€15.00	€28.00		N/A
10/19/2021	AOX alstria office REIT	Set Price Target	€4.00	€17.00		N/A
10/19/2021	GYC Grand City Properties	Set Price Target	€12.00	€23.00		N/A
10/19/2021	VNA Vonovia	Set Price Target	€30.00	€55.00		N/A
10/19/2021	DEQ Deutsche EuroShop	Set Price Target	€19.00	€19.00		N/A
10/19/2021	LEG LEG Immobilien	Set Price Target	€87.00	€130.00		N/A
10/15/2021	SHA Schaeffler	Set Price Target	€6.00	€6.50		N/A
10/15/2021	EVK Evonik Industries	Set Price Target	€20.00	€28.00		N/A