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
5/9/2025	KHC Kraft Heinz	Downgrade	$28.00	$31.00	Buy ➝ Hold	Medium
5/9/2025	TM Toyota Motor	Downgrade	$194.00		Strong-Buy ➝ Strong Sell	Low
5/8/2025	AMD Advanced Micro Devices	Upgrade	$112.00	$118.00	Hold ➝ Buy	Low
5/6/2025	UBS UBS Group	Upgrade	$33.00		Hold ➝ Strong-Buy	Low
5/6/2025	FTNT Fortinet	Downgrade	$105.00	$95.00	Hold ➝ Sell	Low
5/6/2025	CVX Chevron	Downgrade	$142.00	$130.00	Buy ➝ Sell	Low
4/25/2025	RTX RTX	Upgrade	$131.00	$129.00	Sell ➝ Hold	Medium
4/25/2025	TXN Texas Instruments	Upgrade	$188.00	$163.00	Sell ➝ Hold	Medium
4/23/2025	EONGY E.On	Downgrade	$16.00		Strong-Buy ➝ Hold	Low
4/23/2025	ENPH Enphase Energy	Downgrade	$46.00		Hold ➝ Strong Sell	Medium
4/22/2025	STLA Stellantis	Upgrade	$11.00		Strong Sell ➝ Hold	Medium
4/17/2025	SARTF Sartorius Aktiengesellschaft	Upgrade	$210.00		Strong Sell ➝ Hold	High
3/28/2025	PBSFY ProSiebenSat.1 Media	Downgrade	$2.00		Strong-Buy ➝ Hold	Low
3/28/2025	POAHY Porsche Automobil	Downgrade	$4.00		Strong-Buy ➝ Hold	Medium
3/28/2025	BNTGY Brenntag	Upgrade	$14.00		Hold ➝ Strong-Buy	High
3/27/2025	RIO Rio Tinto Group	Upgrade	$62.00		Hold ➝ Strong-Buy	High
3/26/2025	FUPBY Fuchs	Downgrade	$13.00		Hold ➝ Strong Sell	Low
3/25/2025	SSLLF Siltronic	Downgrade	$43.00		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	$72.00	$92.00	Hold ➝ Buy	Low
2/28/2025	NVDA NVIDIA	Upgrade	$130.00		Hold ➝ Strong-Buy	Medium
2/25/2025	WMT Walmart	Upgrade	$96.00	$110.00	Hold ➝ Buy	High
2/21/2025	UL Unilever	Upgrade	$61.00		Hold ➝ Buy	Low
2/18/2025	CSCO Cisco Systems	Upgrade	$62.00		Hold ➝ Buy	Low
2/13/2025	KO Coca-Cola	Upgrade	$69.00	$75.00	Hold ➝ Buy	Medium
2/13/2025	GILD Gilead Sciences	Upgrade	$101.00	$108.00	Hold ➝ Buy	Medium
2/11/2025	BP BP	Downgrade	$31.00		Hold ➝ Sell	Low
2/11/2025	NET Cloudflare	Downgrade	$150.00	$145.00	Hold ➝ Sell	Low
2/7/2025	MDLZ Mondelez International	Downgrade	$64.00	$52.00	Hold ➝ Sell	Medium
2/7/2025	AMD Advanced Micro Devices	Downgrade	$112.00	$120.00	Buy ➝ Hold	Medium
2/6/2025	GOOGL Alphabet	Downgrade	$160.00	$198.00	Buy ➝ Hold	Low
2/6/2025	EQNR Equinor ASA	Upgrade	$24.00		Hold ➝ Buy	High
2/4/2025	MA Mastercard	Upgrade	$576.00	$620.00	Hold ➝ Buy	Low
1/30/2025	ASML ASML	Upgrade	$764.00		Hold ➝ Buy	Low
1/29/2025	T AT&T	Upgrade	$26.00	$27.00	Hold ➝ Buy	Low
1/29/2025	VZ Verizon Communications	Upgrade	$43.00	$40.00	Hold ➝ Buy	Low
11/21/2024	WMT Walmart	Downgrade	$96.00	$91.00	Buy ➝ Hold	N/A
11/21/2024	SHOP Shopify	Downgrade	$108.00		Hold ➝ Sell	N/A
11/5/2024	CVX Chevron	Upgrade	$142.00	$170.00	Hold ➝ Buy	Low
10/31/2024	EA Electronic Arts	Upgrade	$149.00	$135.00 ➝ $177.00	Hold ➝ Buy	Medium
10/24/2024	LRLCY L'Oréal	Downgrade	$86.00		Buy ➝ Hold	Low
10/15/2024	BA Boeing	Downgrade	$203.00	$152.00	Buy ➝ Hold	Medium
10/11/2024	GM General Motors	Downgrade	$50.00	$49.00	Buy ➝ Hold	Low
10/2/2024	IBM International Business Machines	Downgrade	$259.00	$215.00	Buy ➝ Hold	Low
8/29/2024	PG Procter & Gamble	Upgrade	$159.00	$190.00	Hold ➝ Buy	Low
8/21/2024	SBUX Starbucks	Downgrade	$87.00	$85.00	Hold ➝ Sell	Low
8/9/2024	SHOP Shopify	Downgrade	$108.00		Hold ➝ Sell	Low
8/8/2024	FTNT Fortinet	Upgrade	$105.00	$65.00	Sell ➝ Hold	Low
8/2/2024	QCOM QUALCOMM	Upgrade	$151.00	$210.00	Hold ➝ Buy	Low
8/1/2024	FSLR First Solar	Upgrade	$192.00	$280.00	Hold ➝ Buy	Low
7/24/2024	SPOT Spotify Technology	Upgrade	$620.00	$375.00	Hold ➝ Buy	Low
7/19/2024	PEP PepsiCo	Downgrade	$130.00	$183.00	Buy ➝ Hold	Low
7/17/2024	SEDG SolarEdge Technologies	Downgrade	$18.00	$24.00	Hold ➝ Sell	Low
5/29/2024	FSLR First Solar	Downgrade	$192.00	$270.00	Buy ➝ Hold	Low
5/24/2024	NVDA NVIDIA	Downgrade	$130.00	$102.50	Buy ➝ Hold	Low
5/7/2024	NET Cloudflare	Upgrade	$150.00	$95.00	Hold ➝ Buy	Low
5/7/2024	AMD Advanced Micro Devices	Upgrade	$112.00	$190.00	Hold ➝ Buy	Low
5/3/2024	SBUX Starbucks	Downgrade	$87.00	$75.00	Buy ➝ Hold	Low
4/23/2024	MELI MercadoLibre	Upgrade	$2,515.00	$1,685.00	Hold ➝ Buy	Low
4/17/2024	SEDG SolarEdge Technologies	Initiated Coverage	$18.00	$62.00	Hold	Low
4/17/2024	ENPH Enphase Energy	Initiated Coverage	$46.00	$116.00	Hold	Low
4/17/2024	FSLR First Solar	Initiated Coverage	$192.00	$205.00	Buy	Low
3/28/2024	AAPL Apple	Reiterated Rating	$213.00	$180.00	Buy ➝ Hold	Low
3/7/2024	AMD Advanced Micro Devices	Reiterated Rating	$112.00	$200.00	Buy ➝ Hold	Low
2/21/2024	LLY Eli Lilly and Company	Downgrade	$746.00	$820.00	Buy ➝ Hold	Low
2/13/2024	NET Cloudflare	Downgrade	$150.00	$110.00	Buy ➝ Hold	Low
2/9/2024	PYPL PayPal	Downgrade	$72.00	$60.00	Buy ➝ Hold	Low
2/8/2024	EQNR Equinor ASA	Downgrade	$24.00		Buy ➝ Hold	Low
2/8/2024	FTNT Fortinet	Downgrade	$105.00	$60.00	Hold ➝ Sell	Low
2/7/2024	SPOT Spotify Technology	Upgrade	$620.00	$240.00	Sell ➝ Hold	Low
2/6/2024	CVX Chevron	Downgrade	$142.00	$160.00	Buy ➝ Hold	Low
1/25/2024	NFLX Netflix	Upgrade	$1,138.00	$600.00	Hold ➝ Buy	Low
1/4/2024	AXP American Express	Downgrade	$302.00		Hold ➝ Sell	Low
12/22/2023	NFLX Netflix	Downgrade	$1,138.00	$495.00	Buy ➝ Hold	Low
12/12/2023	NKE NIKE	Upgrade	$62.00	$130.00	Hold ➝ Buy	Low
12/12/2023	SHOP Shopify	Reiterated Rating	$108.00	$65.00	Hold ➝ Sell	Low
11/17/2023	CSCO Cisco Systems	Downgrade	$62.00	$50.00	Buy ➝ Hold	Low
11/3/2023	PYPL PayPal	Upgrade	$72.00	$65.00	Hold ➝ Buy	Low
11/3/2023	QCOM QUALCOMM	Upgrade	$151.00	$140.00	Hold ➝ Buy	Low
10/31/2023	MCD McDonald's	Upgrade	$309.00	$300.00	Hold ➝ Buy	Low
10/27/2023	RTX RTX	Downgrade	$131.00	$79.00 ➝ $68.00	Hold ➝ Sell	Low
10/20/2023	PG Procter & Gamble	Upgrade	$159.00	$155.00	Sell ➝ Hold	Low
10/20/2023	NFLX Netflix	Upgrade	$1,138.00	$465.00	Hold ➝ Buy	Low
10/19/2023	PEP PepsiCo	Upgrade	$130.00	$187.00	Hold ➝ Buy	Low
10/18/2023	FTNT Fortinet	Initiated Coverage	$105.00	$58.00	Hold	Low
10/18/2023	PANW Palo Alto Networks	Initiated Coverage	$192.00	$155.00	Buy	Low
10/18/2023	CRWD CrowdStrike	Initiated Coverage	$440.00	$215.00	Buy	Low
9/14/2023	RTX RTX	Downgrade	$131.00	$79.00	Buy ➝ Hold	Low
9/14/2023	ORCL Oracle	Upgrade	$162.00	$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	$108.00		Sell ➝ Hold	Low
6/23/2023	TSLA Tesla	Downgrade	$334.00	$210.00	Buy ➝ Sell	Low
5/12/2023	EA Electronic Arts	Upgrade	$149.00	$142.00	Hold ➝ Buy	Low
5/9/2023	SHOP Shopify	Downgrade	$108.00	$47.00 ➝ $55.00	Hold ➝ Sell	Low
5/3/2023	BP BP	Downgrade	$31.00		Buy ➝ Hold	Low
3/9/2023	HNR1 Hannover Rück	Set Price Target	€279.00	€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	$108.00		Sell ➝ Hold	Low
2/20/2023	GBF Bilfinger	Set Price Target	€74.00	€45.00		N/A