DZ Bank Stock Recommendations and Price Targets

This is a list of recent ratings by DZ Bank.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
3/27/2025	RIO Rio Tinto Group	Upgrade	$61.00		Hold ➝ Strong-Buy	N/A
3/26/2025	FUPBY Fuchs	Downgrade	$12.00		Hold ➝ Strong Sell	N/A
3/25/2025	SSLLF Siltronic	Downgrade	$47.00		Strong-Buy ➝ Hold	Low
3/7/2025	VOD Vodafone Group Public	Upgrade	$9.00		Hold ➝ Buy	High
3/6/2025	SZGPY Salzgitter	Upgrade	$2.00		Hold ➝ Strong-Buy	Low
2/28/2025	PYPL PayPal	Upgrade	$65.00	$92.00	Hold ➝ Buy	Low
2/28/2025	NVDA NVIDIA	Upgrade	$110.00		Hold ➝ Strong-Buy	Medium
2/25/2025	WMT Walmart	Upgrade	$85.00	$110.00	Hold ➝ Buy	High
2/21/2025	UL Unilever	Upgrade	$59.00		Hold ➝ Buy	Low
2/18/2025	CSCO Cisco Systems	Upgrade	$61.00		Hold ➝ Buy	Low
2/13/2025	KO Coca-Cola	Upgrade	$70.00	$75.00	Hold ➝ Buy	Medium
2/13/2025	GILD Gilead Sciences	Upgrade	$112.00	$108.00	Hold ➝ Buy	Medium
2/11/2025	BP BP	Downgrade	$34.00		Hold ➝ Sell	Low
2/11/2025	NET Cloudflare	Downgrade	$115.00	$145.00	Hold ➝ Sell	Low
2/7/2025	MDLZ Mondelez International	Downgrade	$68.00	$52.00	Hold ➝ Sell	Medium
2/7/2025	AMD Advanced Micro Devices	Downgrade	$103.00	$120.00	Buy ➝ Hold	Medium
2/6/2025	EQNR Equinor ASA	Upgrade	$26.00		Hold ➝ Buy	High
2/6/2025	GOOGL Alphabet	Downgrade	$154.00	$198.00	Buy ➝ Hold	Low
2/4/2025	MA Mastercard	Upgrade	$541.00	$620.00	Hold ➝ Buy	Low
1/30/2025	ASML ASML	Upgrade	$675.00		Hold ➝ Buy	Low
1/29/2025	T AT&T	Upgrade	$28.00	$27.00	Hold ➝ Buy	Low
1/29/2025	VZ Verizon Communications	Upgrade	$45.00	$40.00	Hold ➝ Buy	Low
11/21/2024	WMT Walmart	Downgrade	$85.00	$91.00	Buy ➝ Hold	N/A
11/21/2024	SHOP Shopify	Downgrade	$97.00		Hold ➝ Sell	N/A
11/5/2024	CVX Chevron	Upgrade	$166.00	$170.00	Hold ➝ Buy	Low
10/31/2024	EA Electronic Arts	Upgrade	$144.00	$135.00 ➝ $177.00	Hold ➝ Buy	Medium
10/24/2024	LRLCY L'Oréal	Downgrade	$74.00		Buy ➝ Hold	Low
10/15/2024	BA Boeing	Downgrade	$173.00	$152.00	Buy ➝ Hold	Medium
10/11/2024	GM General Motors	Downgrade	$47.00	$49.00	Buy ➝ Hold	Low
10/2/2024	IBM International Business Machines	Downgrade	$244.00	$215.00	Buy ➝ Hold	Low
8/29/2024	PG Procter & Gamble	Upgrade	$168.00	$190.00	Hold ➝ Buy	Low
8/21/2024	SBUX Starbucks	Downgrade	$98.00	$85.00	Hold ➝ Sell	Low
8/9/2024	SHOP Shopify	Downgrade	$97.00		Hold ➝ Sell	Low
8/8/2024	FTNT Fortinet	Upgrade	$97.00	$65.00	Sell ➝ Hold	Low
8/2/2024	QCOM QUALCOMM	Upgrade	$153.00	$210.00	Hold ➝ Buy	Low
8/1/2024	FSLR First Solar	Upgrade	$127.00	$280.00	Hold ➝ Buy	Low
7/24/2024	SPOT Spotify Technology	Upgrade	$560.00	$375.00	Hold ➝ Buy	Low
7/19/2024	PEP PepsiCo	Downgrade	$149.00	$183.00	Buy ➝ Hold	Low
7/17/2024	SEDG SolarEdge Technologies	Downgrade	$16.00	$24.00	Hold ➝ Sell	Low
5/29/2024	FSLR First Solar	Downgrade	$127.00	$270.00	Buy ➝ Hold	Low
5/24/2024	NVDA NVIDIA	Downgrade	$110.00	$102.50	Buy ➝ Hold	Low
5/7/2024	NET Cloudflare	Upgrade	$115.00	$95.00	Hold ➝ Buy	Low
5/7/2024	AMD Advanced Micro Devices	Upgrade	$103.00	$190.00	Hold ➝ Buy	Low
5/3/2024	SBUX Starbucks	Downgrade	$98.00	$75.00	Buy ➝ Hold	Low
4/23/2024	MELI MercadoLibre	Upgrade	$2,048.00	$1,685.00	Hold ➝ Buy	Low
4/17/2024	SEDG SolarEdge Technologies	Initiated Coverage	$16.00	$62.00	Hold	Low
4/17/2024	ENPH Enphase Energy	Initiated Coverage	$62.00	$116.00	Hold	Low
4/17/2024	FSLR First Solar	Initiated Coverage	$127.00	$205.00	Buy	Low
3/28/2024	AAPL Apple	Reiterated Rating	$218.00	$180.00	Buy ➝ Hold	Low
3/7/2024	AMD Advanced Micro Devices	Reiterated Rating	$103.00	$200.00	Buy ➝ Hold	Low
2/21/2024	LLY Eli Lilly and Company	Downgrade	$820.00	$820.00	Buy ➝ Hold	Low
2/13/2024	NET Cloudflare	Downgrade	$115.00	$110.00	Buy ➝ Hold	Low
2/9/2024	PYPL PayPal	Downgrade	$65.00	$60.00	Buy ➝ Hold	Low
2/8/2024	EQNR Equinor ASA	Downgrade	$26.00		Buy ➝ Hold	Low
2/8/2024	FTNT Fortinet	Downgrade	$97.00	$60.00	Hold ➝ Sell	Low
2/7/2024	SPOT Spotify Technology	Upgrade	$560.00	$240.00	Sell ➝ Hold	Low
2/6/2024	CVX Chevron	Downgrade	$166.00	$160.00	Buy ➝ Hold	Low
1/25/2024	NFLX Netflix	Upgrade	$934.00	$600.00	Hold ➝ Buy	Low
1/4/2024	AXP American Express	Downgrade	$265.00		Hold ➝ Sell	Low
12/22/2023	NFLX Netflix	Downgrade	$934.00	$495.00	Buy ➝ Hold	Low
12/12/2023	NKE NIKE	Upgrade	$63.00	$130.00	Hold ➝ Buy	Low
12/12/2023	SHOP Shopify	Reiterated Rating	$97.00	$65.00	Hold ➝ Sell	Low
11/17/2023	CSCO Cisco Systems	Downgrade	$61.00	$50.00	Buy ➝ Hold	Low
11/3/2023	PYPL PayPal	Upgrade	$65.00	$65.00	Hold ➝ Buy	Low
11/3/2023	QCOM QUALCOMM	Upgrade	$153.00	$140.00	Hold ➝ Buy	Low
10/31/2023	MCD McDonald's	Upgrade	$307.00	$300.00	Hold ➝ Buy	Low
10/27/2023	RTX RTX	Downgrade	$132.00	$79.00 ➝ $68.00	Hold ➝ Sell	Low
10/20/2023	PG Procter & Gamble	Upgrade	$168.00	$155.00	Sell ➝ Hold	Low
10/20/2023	NFLX Netflix	Upgrade	$934.00	$465.00	Hold ➝ Buy	Low
10/19/2023	PEP PepsiCo	Upgrade	$149.00	$187.00	Hold ➝ Buy	Low
10/18/2023	FTNT Fortinet	Initiated Coverage	$97.00	$58.00	Hold	Low
10/18/2023	PANW Palo Alto Networks	Initiated Coverage	$173.00	$155.00	Buy	Low
10/18/2023	CRWD CrowdStrike	Initiated Coverage	$357.00	$215.00	Buy	Low
9/14/2023	RTX RTX	Downgrade	$132.00	$79.00	Buy ➝ Hold	Low
9/14/2023	ORCL Oracle	Upgrade	$141.00	$125.00	Hold ➝ Buy	Low
8/11/2023	BABA Alibaba Group	Upgrade	$132.00	$120.00	Hold ➝ Buy	Low
8/4/2023	SHOP Shopify	Upgrade	$97.00		Sell ➝ Hold	Low
6/23/2023	TSLA Tesla	Downgrade	$264.00	$210.00	Buy ➝ Sell	Low
5/12/2023	EA Electronic Arts	Upgrade	$144.00	$142.00	Hold ➝ Buy	Low
5/9/2023	SHOP Shopify	Downgrade	$97.00	$47.00 ➝ $55.00	Hold ➝ Sell	Low
5/3/2023	BP BP	Downgrade	$34.00		Buy ➝ Hold	Low
3/9/2023	HNR1 Hannover Rück	Set Price Target	€277.00	€209.00		N/A
3/7/2023	EVK Evonik Industries	Set Price Target	€20.00	€21.00		N/A
2/24/2023	SHOP Shopify	Upgrade	$97.00		Sell ➝ Hold	Low
2/20/2023	GBF Bilfinger	Set Price Target	€67.00	€45.00		N/A
2/17/2023	CSCO Cisco Systems	Upgrade	$61.00	$58.00	Hold ➝ Buy	Low
2/16/2023	NVDA NVIDIA	Downgrade	$110.00	$19.50	Buy ➝ Sell	Low
2/14/2023	TTWO Take-Two Interactive Software	Downgrade	$210.00	$105.00	Buy ➝ Hold	Low
2/6/2023	SHOP Shopify	Reiterated Rating	$97.00		Hold ➝ Sell	Low
2/3/2023	META Meta Platforms	Upgrade	$577.00	$180.00	Sell ➝ Hold	Low
1/30/2023	LMT Lockheed Martin	Upgrade	$441.00	$523.00	Hold ➝ Buy	Low
12/13/2022	ADYEY Adyen	Downgrade	€16.00	€1,500.00	Buy ➝ Hold	Low
12/9/2022	GILD Gilead Sciences	Downgrade	$112.00	$90.00	Buy ➝ Hold	Low
11/28/2022	CEVMF CTS Eventim AG & Co. KGaA	Upgrade	€111.00	€70.00	Hold ➝ Buy	N/A
11/10/2022	ADDYY adidas	Upgrade	€120.00	€145.00	Hold ➝ Buy	Low
11/10/2022	TTWO Take-Two Interactive Software	Upgrade	$210.00	$115.00	Hold ➝ Buy	Low
10/28/2022	NEM Nemetschek	Set Price Target	€110.00	€45.00		N/A
10/28/2022	LIN Linde	Set Price Target	€426.00	€363.00		N/A
10/19/2022	BYDDF BYD	Upgrade	$52.00		Sell ➝ Buy	Low
10/13/2022	KLKNF Klöckner & Co SE	Downgrade	€8.00	€5.60	Hold ➝ Sell	N/A