Initiated Mkt Perform X

A Agilent

Bernstein

$123

Upgrades Mkt Perform Outperform X

AAL American Airlines

Bernstein

$14 $24

Downgrades Outperform Mkt Perform X

AAL American Airlines

Bernstein

$18 $12

Upgrades Mkt Perform Outperform X

AAL American Airlines

Bernstein

Reiterated Outperform X

AAPL Apple

Bernstein

$240 $260

Upgrades Mkt Perform Outperform X

AAPL Apple

Bernstein

$195

Reiterated Mkt Perform X

AAPL Apple

Bernstein

$175 $195

Downgrades Outperform Mkt Perform X

AAPL Apple

Bernstein

Initiated Outperform X

ABB ABB Ltd

Bernstein

Initiated Mkt Perform X

ABBV AbbVie

Bernstein

$203

Initiated Outperform X

ABEV AmBev

Bernstein

$3.74

Initiated Outperform X

ABNB Airbnb

Bernstein

$143

Reiterated Outperform X

ABT Abbott Labs

Bernstein

$132 $133

Initiated Outperform X

ABT Abbott Labs

Bernstein

$73

Initiated Outperform X

ACI Albertsons

Bernstein

$26

Initiated Outperform X

ACN Accenture

Bernstein

$180

Downgrades Outperform Mkt Perform X

ADI Analog Devices

Bernstein

$200

Upgrades Mkt Perform Outperform X

ADI Analog Devices

Bernstein

$165 $185

Downgrades Outperform Mkt Perform X

ADI Analog Devices

Bernstein

Upgrades Mkt Perform Outperform X

ADI Analog Devices

Bernstein

Downgrades Outperform Mkt Perform X

ADP Automatic Data

Bernstein

Downgrades Outperform Mkt Perform X

AGCO AGCO Corp

Bernstein

$177 $127

Initiated Mkt Perform X

AGL Agilon Health

Bernstein

$2.50

Downgrades Outperform Mkt Perform X

AGN Allergan

Bernstein

Initiated Outperform X

ALC Alcon

Bernstein

$94.40

Initiated Mkt Perform X

ALLO Allogene

Bernstein

$6

Initiated Outperform X

ALNY Alnylam Pharma

Bernstein

$243

Initiated Outperform X

AMAT Applied Materials

Bernstein

$160

Downgrades Mkt Perform Underperform X

AMCX AMC Networks

Bernstein

Downgrades Outperform Mkt Perform X

AMD Advanced Micro

Bernstein

$95 $80

Initiated Outperform X

AMGN Amgen

Bernstein

$380

Initiated Outperform X

AMTD TD Ameritrade

Bernstein

$40

Reiterated Outperform X

AMZN Amazon

Bernstein

$175 $200

Reiterated Outperform X

AMZN Amazon

Bernstein

$140 $155

Reiterated Outperform X

AMZN Amazon

Bernstein

$150 $125

Resumed Outperform X

ANTM Anthem

Bernstein

$577 $596

Upgrades Mkt Perform Outperform X

APA APA Corp.

Bernstein

Downgrades Outperform Mkt Perform X

APA Apache

Bernstein

$20

Downgrades Outperform Mkt Perform X

APC Anadarko Petroleum

Bernstein

Upgrades Mkt Perform Outperform X

APD Air Products

Bernstein

$375

Downgrades Outperform Mkt Perform X

APD Air Products

Bernstein

Initiated Outperform X

APD Air Products

Bernstein

$202

Initiated Outperform X

API Agora

Bernstein

$10

Initiated Mkt Perform X

AR Antero Resources

Bernstein

$29

Upgrades Mkt Perform Outperform X

ARMK Aramark

Bernstein

$49

Initiated Mkt Perform X

ARMK Aramark

Bernstein

$38

Initiated Outperform X

ARMK Aramark

Bernstein

$52

Initiated Mkt Perform X

ARWR Arrowhead

Bernstein

$27

Upgrades Mkt Perform Outperform X

ASML ASML

Bernstein

Downgrades Outperform Mkt Perform X

ASML ASML

Bernstein

$810 $785

Initiated Outperform X

ASML ASML

Bernstein

Initiated Mkt Perform X

ASML ASML

Bernstein

Initiated Outperform X

ATHM Autohome

Bernstein

Upgrades Underperform Mkt Perform X

ATVI Activision Blizzard

Bernstein

Reiterated Mkt Perform X

ATVI Activision Blizzard

Bernstein

$72 $62

Initiated Mkt Perform X

AVTR Avantor

Bernstein

$22

Reiterated Outperform X

AZN AstraZeneca

Bernstein

$40 $42

Downgrades Outperform Mkt Perform X

BA Boeing

Bernstein

Reiterated Outperform X

BA Boeing

Bernstein

$207 $195

Reiterated Outperform X

BA Boeing

Bernstein

$222 $207

Upgrades Underperform Mkt Perform X

BA Boeing

Bernstein

$196 $229

Downgrades Mkt Perform Underperform X

BA Boeing

Bernstein

$221 $199

Reiterated Outperform X

BA Boeing

Bernstein

$435 $459

Upgrades Mkt Perform Outperform X

BABA Alibaba

Bernstein

Downgrades Outperform Mkt Perform X

BABA Alibaba

Bernstein

$130 $98

Upgrades Mkt Perform Outperform X

BABA Alibaba

Bernstein

$115 $130

Initiated Mkt Perform X

BABA Alibaba

Bernstein

Resumed Mkt Perform X

BABA Alibaba

Bernstein

Reiterated Outperform X

BABA Alibaba

Bernstein

$205 $230

Resumed Mkt Perform X

BE Bloom Energy

Bernstein

$41

Initiated Mkt Perform X

BEAM Beam Therapeutics

Bernstein

$37

Downgrades Outperform Mkt Perform X

BEST BEST Inc.

Bernstein

$11 $6

Upgrades Mkt Perform Outperform X

BF-B Brown-Forman

Bernstein

$73 $76.40

Initiated Mkt Perform X

BF-B Brown-Forman

Bernstein

$70

Downgrades Outperform Mkt Perform X

BGNE BeiGene

Bernstein

$335 $196

Initiated Outperform X

BGNE BeiGene

Bernstein

$201

Upgrades Mkt Perform Outperform X

BHP BHP Group

Bernstein

Initiated Outperform X

BHVN Biohaven

Bernstein

$55

Downgrades Outperform Mkt Perform X

BIDU Baidu

Bernstein

$130 $97

Upgrades Mkt Perform Outperform X

BIDU Baidu

Bernstein

$160

Initiated Mkt Perform X

BIDU Baidu

Bernstein

$138

Resumed Mkt Perform X

BIDU Baidu.com

Bernstein

Upgrades Underperform Mkt Perform X

BIDU Baidu.com

Bernstein

Initiated Mkt Perform X

BIIB Biogen

Bernstein

$160

Upgrades Mkt Perform Outperform X

BIIB Biogen

Bernstein

$500

Downgrades Outperform Mkt Perform X

BIIB Biogen

Bernstein

Upgrades Underperform Mkt Perform X

BILI Bilibili

Bernstein

Downgrades Mkt Perform Underperform X

BILI Bilibili

Bernstein

Downgrades Outperform Mkt Perform X

BILI Bilibili

Bernstein

$45

Initiated Outperform X

BILI Bilibili

Bernstein

$160

Upgrades Underperform Mkt Perform X

BKNG Booking Holdings

Bernstein

Upgrades Mkt Perform Outperform X

BLUE Bluebirdbio

Bernstein

Upgrades Mkt Perform Outperform X

BMRN BioMarin Pharmaceutical

Bernstein

$94 $110

Upgrades Underperform Mkt Perform X

BMRN BioMarin Pharmaceutical

Bernstein

$82

Initiated Underperform X

BMRN BioMarin Pharmaceutical

Bernstein

$81

Initiated Mkt Perform X

BMY Bristol-Myers

Bernstein

$56

Initiated Outperform X

BSX Boston Scientific

Bernstein

$38

Downgrades Outperform Mkt Perform X

BT BT Group plc

Bernstein

Upgrades Mkt Perform Outperform X

BUD Anheuser-Busch InBev

Bernstein

Initiated Outperform X

BURL Burlington Stores

Bernstein

$230

Downgrades Outperform Mkt Perform X

BYND Beyond Meat

Bernstein

$130 $100

Reiterated Outperform X

BYND Beyond Meat

Bernstein

$130 $178

Downgrades Outperform Mkt Perform X

BYND Beyond Meat

Bernstein

$123

Initiated Outperform X

BYND Beyond Meat

Bernstein

Downgrades Outperform Mkt Perform X

BZ Kanzhun Limited

Bernstein

$15

Downgrades Mkt Perform Underperform X

CAG Conagra

Bernstein

Upgrades Mkt Perform Outperform X

CART Instacart

Bernstein

$30 $43

Initiated Mkt Perform X

CART Instacart

Bernstein

$30

Downgrades Outperform Mkt Perform X

CAT Caterpillar

Bernstein

$195

Upgrades Mkt Perform Outperform X

CAT Caterpillar

Bernstein

$240

Initiated Mkt Perform X

CAVA CAVA Group

Bernstein

$145

Initiated Mkt Perform X

CBOE Cboe Global Markets

Bernstein

Downgrades Mkt Perform Underperform X

CBS CBS

Bernstein

Upgrades Mkt Perform Outperform X

CBS CBS

Bernstein

Initiated Mkt Perform X

CCL Carnival

Bernstein

$26

Upgrades Mkt Perform Outperform X

CELG Celgene

Bernstein

Upgrades Mkt Perform Outperform X

CEO CNOOC Ltd

Bernstein

Downgrades Outperform Mkt Perform X

CF CF Industries

Bernstein

Initiated Outperform X

CF CF Industries

Bernstein

$60

Initiated Outperform X

CFLT Confluent

Bernstein

$34

Upgrades Underperform Mkt Perform X

CGC Canopy Growth

Bernstein

Initiated Underperform X

CGC Canopy Growth

Bernstein

$1.50

Upgrades Mkt Perform Outperform X

CGNX Cognex

Bernstein

$65

Downgrades Outperform Mkt Perform X

CGNX Cognex

Bernstein

Upgrades Mkt Perform Outperform X

CGNX Cognex

Bernstein

Downgrades Mkt Perform Underperform X

CHK Chesapeake Energy

Bernstein

Upgrades Mkt Perform Outperform X

CHL China Mobile

Bernstein

Upgrades Mkt Perform Outperform X

CHTR Charter Comm

Bernstein

$370

Initiated Mkt Perform X

CHTR Charter Comm

Bernstein

$463

Downgrades Outperform Mkt Perform X

CHTR Charter Comm

Bernstein

$788

Downgrades Outperform Mkt Perform X

CI The Cigna Group

Bernstein

$323

Upgrades Mkt Perform Outperform X

CI The Cigna Group

Bernstein

$330 $372

Resumed Mkt Perform X

CI Cigna

Bernstein

$258 $301

Upgrades Mkt Perform Outperform X

CI CIGNA

Bernstein

$205

Initiated Mkt Perform X

CI CIGNA

Bernstein

$194

Upgrades Underperform Mkt Perform X

CL Colgate-Palmolive

Bernstein

$83

Initiated Underperform X

CL Colgate-Palmolive

Bernstein

$77

Upgrades Mkt Perform Outperform X

CLDR Cloudera

Bernstein

$15

Initiated Outperform X

CLSK CleanSpark

Bernstein

$5.30

Upgrades Underperform Mkt Perform X

CLX Clorox

Bernstein

$120

Downgrades Mkt Perform Underperform X

CLX Clorox

Bernstein

$155

Initiated Mkt Perform X

CLX Clorox

Bernstein

$206

Initiated Mkt Perform X

CMCSA Comcast

Bernstein

$46

Initiated Outperform X

CME CME Group

Bernstein

Initiated Outperform X

CMG Chipotle Mexican Grill

Bernstein

$2000

Downgrades Outperform Mkt Perform X

CMI Cummins

Bernstein

$238 $190

Resumed Outperform X

CNC Centene

Bernstein

$111 $108

Downgrades Outperform Mkt Perform X

CNHI CNH Industrial

Bernstein

$17.31 $15.11

Initiated Outperform X

CNHI CNH Industrial

Bernstein

Downgrades Outperform Mkt Perform X

CNI Canadian Nat’l Rail

Bernstein

Upgrades Mkt Perform Outperform X

CNI Canadian Nat’l Rail

Bernstein

Initiated Mkt Perform X

COIN Coinbase Global

Bernstein

$250

Initiated Outperform X

COP ConocoPhillips

Bernstein

$82

Initiated Outperform X

CORZ Core Scientific

Bernstein

$17

Initiated Outperform X

COST Costco

Bernstein

$1016

Initiated Outperform X

COST Costco

Bernstein

$586

Downgrades Outperform Mkt Perform X

CP Canadian Pacific

Bernstein

$211

Upgrades Mkt Perform Outperform X

CPB Campbell Soup

Bernstein

$55 $58

Upgrades Underperform Mkt Perform X

CPB Campbell Soup

Bernstein

$42 $46

Upgrades Underperform Outperform X

CPNG Coupang

Bernstein

$30

Initiated Mkt Perform X

CPRI Capri Holdings

Bernstein

$55

Initiated Mkt Perform X

CQP Cheniere Energy Partners

Bernstein

Downgrades Mkt Perform Underperform X

CRM Salesforce

Bernstein

$134 $119

Upgrades Underperform Mkt Perform X

CRM Salesforce

Bernstein

Initiated Mkt Perform X

CRON Cronos Group

Bernstein

$3

Initiated Mkt Perform X

CRSP CRISPR Therapeutics

Bernstein

$44

Initiated Outperform X

CRWD CrowdStrike

Bernstein

$334

Downgrades Outperform Mkt Perform X

CSX CSX

Bernstein

$32

Upgrades Mkt Perform Outperform X

CTRP Ctrip

Bernstein

Resumed Mkt Perform X

CTRP Ctrip

Bernstein

Upgrades Mkt Perform Outperform X

CTSH Cognizant Tech

Bernstein

Initiated Mkt Perform X

CTSH Cognizant Tech

Bernstein

Initiated Mkt Perform X

CTVA Corteva

Bernstein

Downgrades Outperform Mkt Perform X

CVS CVS Health

Bernstein

$122 $112

Initiated Outperform X

CVS CVS Health

Bernstein

Downgrades Outperform Mkt Perform X

CVX Chevron

Bernstein

$183 $167

Upgrades Mkt Perform Outperform X

CVX Chevron

Bernstein

$184 $182

Upgrades Mkt Perform Outperform X

CXO Concho Resources

Bernstein

Downgrades Outperform Mkt Perform X

CXO Concho Resources

Bernstein

$180 $130

Initiated Outperform X

CXO Concho Resources

Bernstein

Initiated Mkt Perform X

CZR Caesars Entertainment

Bernstein

Initiated Outperform X

DASH DoorDash

Bernstein

$90

Initiated Underperform X

DBX Dropbox

Bernstein

$19

Initiated Outperform X

DDOG Datadog

Bernstein

$172

Upgrades Mkt Perform Outperform X

DELL Dell

Bernstein

$72

Upgrades Mkt Perform Outperform X

DEO Diageo plc

Bernstein

$215 $225

Downgrades Outperform Mkt Perform X

DEO Diageo plc

Bernstein

Downgrades Mkt Perform Underperform X

DEO Diageo plc

Bernstein

Initiated Outperform X

DG Dollar General

Bernstein

$98

Resumed Outperform X

DHR Danaher

Bernstein

$330 $340

Initiated Outperform X

DHR Danaher

Bernstein

$365

Initiated Outperform X

DIS Walt Disney

Bernstein

$103

Upgrades Underperform Mkt Perform X

DISCA Discovery

Bernstein

Initiated Outperform X

DKNG DraftKings

Bernstein

$71

Initiated Mkt Perform X

DLTR Dollar Tree

Bernstein

$76

Upgrades Mkt Perform Outperform X

DLTR Dollar Tree

Bernstein

Initiated Outperform X

DOW Dow

Bernstein

$74

Initiated Underperform X

DPZ Domino’s Pizza

Bernstein

$334

Upgrades Mkt Perform Outperform X

DRI Darden Restaurants

Bernstein

$180 $215

Downgrades Outperform Mkt Perform X

DRI Darden Restaurants

Bernstein

$190 $180

Initiated Outperform X

DRI Darden Restaurants

Bernstein

$153

Upgrades Mkt Perform Outperform X

DRI Darden Restaurants

Bernstein

Upgrades Mkt Perform Outperform X

DVN Devon Energy

Bernstein

$45

Upgrades Mkt Perform Outperform X

DVN Devon Energy

Bernstein

Initiated Outperform X

DXCM Dexcom

Bernstein

$105

Downgrades Outperform Mkt Perform X

E Eni S.p.A.

Bernstein

Initiated Outperform X

EA Electronic Arts

Bernstein

$157

Upgrades Underperform Mkt Perform X

E Eni S.p.A.

Bernstein

Downgrades Mkt Perform Underperform X

E Eni S.p.A.

Bernstein

Upgrades Mkt Perform Outperform X

EBAY eBay

Bernstein

$70

Reiterated Mkt Perform X

EBAY eBay

Bernstein

$45 $50

Initiated Mkt Perform X

EBAY eBay

Bernstein

$50

Downgrades Outperform Mkt Perform X

ECA Encana

Bernstein

Downgrades Outperform Mkt Perform X

EL Estee Lauder

Bernstein

$230 $160

Initiated Outperform X

EL Estee Lauder

Bernstein

$311

Resumed Mkt Perform X

EMR Emerson

Bernstein

$105 $100

Initiated Mkt Perform X

EMR Emerson

Bernstein

$100

Downgrades Outperform Mkt Perform X

EQNR Equinor

Bernstein

Upgrades Mkt Perform Outperform X

EQNR Equinor

Bernstein

$28

Downgrades Outperform Mkt Perform X

EQNR Equinor

Bernstein

Upgrades Mkt Perform Outperform X

EQNR Equinor

Bernstein

Upgrades Mkt Perform Outperform X

EQT EQT Corp.

Bernstein

$73

Initiated Mkt Perform X

EQT EQT Corp.

Bernstein

$50

Upgrades Underperform Mkt Perform X

EQT EQT Corp.

Bernstein

$27 $34

Initiated Underperform X

EQT EQT Corp.

Bernstein

$30

Upgrades Underperform Mkt Perform X

ESRX Express Scripts

Bernstein

Downgrades Mkt Perform Underperform X

ESRX Express Scripts

Bernstein

Downgrades Outperform Mkt Perform X

ESYJY easyJet

Bernstein

Initiated Outperform X

ETFC E*TRADE

Bernstein

Initiated Outperform X

ETN Eaton

Bernstein

$382

Downgrades Outperform Mkt Perform X

ETSY Etsy

Bernstein

$120 $105

Initiated Outperform X

ETSY Etsy

Bernstein

$105

Downgrades Outperform Underperform X

EW Edwards Lifesciences

Bernstein

$95 $66

Upgrades Mkt Perform Outperform X

EW Edwards Lifesciences

Bernstein

$132 $135

Initiated Mkt Perform X

EW Edwards Lifesciences

Bernstein

$165

Initiated Outperform X

EXAS Exact Sciences

Bernstein

$83

Downgrades Outperform Mkt Perform X

F Ford Motor

Bernstein

$11

Initiated Outperform X

F Ford Motor

Bernstein

$16

Initiated Outperform X

FANG Diamondback Energy

Bernstein

$243

Reiterated Outperform X

FB Meta Platforms

Bernstein

$400 $350

Downgrades Outperform Mkt Perform X

FCX Freeport-McMoRan

Bernstein

$51 $46

Upgrades Mkt Perform Outperform X

FCX Freeport-McMoRan

Bernstein

$41 $48.50

Initiated Mkt Perform X

FCX Freeport-McMoRan

Bernstein

$41

Initiated Outperform X

FDC First Data

Bernstein

Upgrades Mkt Perform Outperform X

FDX FedEx

Bernstein

Resumed Mkt Perform X

FIS Fidelity Nat’l Info

Bernstein

$136

Resumed Outperform X

FISV Fiserv

Bernstein

$124

Initiated Mkt Perform X

FMS Fresenius Medical

Bernstein

Downgrades Outperform Mkt Perform X

FND Floor & Decor

Bernstein

$100 $115

Initiated Outperform X

FND Floor & Decor

Bernstein

$112

Initiated Mkt Perform X

FOXA Fox Corporation

Bernstein

$32

Upgrades Underperform Mkt Perform X

FTCH Farfetch

Bernstein

Upgrades Underperform Mkt Perform X

FTI TechnipFMC

Bernstein

Initiated Mkt Perform X

FTNT Fortinet

Bernstein

$65

Reiterated Outperform X

GE GE Aerospace

Bernstein

$201 $225

Initiated Outperform X

GE GE Aerospace

Bernstein

$201

Resumed Outperform X

GE General Electric

Bernstein

$105 $100

Initiated Outperform X

GE General Electric

Bernstein

$120

Initiated Outperform X

GH Guardant Health

Bernstein

$34

Initiated Outperform X

GILD Gilead Sciences

Bernstein

$105

Upgrades Mkt Perform Outperform X

GILD Gilead Sciences

Bernstein

$80

Initiated Outperform X

GILD Gilead Sciences

Bernstein

$82

Upgrades Underperform Mkt Perform X

GIS General Mills

Bernstein

$62 $70

Downgrades Outperform Mkt Perform X

GM General Motors

Bernstein

$53

Initiated Outperform X

GM General Motors

Bernstein

$55

Downgrades Outperform Mkt Perform X

GOLD Barrick

Bernstein

Downgrades Outperform Mkt Perform X

GOLD Barrick

Bernstein

Reiterated Outperform X

GOOG Alphabet

Bernstein

$3000 $3200

Downgrades Outperform Mkt Perform X

GOOGL Alphabet A

Bernstein

$125

Reiterated Outperform X

GOOGL Alphabet A

Bernstein

$130 $125

Reiterated Outperform X

GOOGL Alphabet A

Bernstein

$3250 $3500

Downgrades Outperform Mkt Perform X

GPN Global Payments

Bernstein

$135 $112

Resumed Outperform X

GPN Global Payments

Bernstein

$214

Upgrades Mkt Perform Outperform X

GRAB Grab

Bernstein

$3.04

Initiated Outperform X

GS Goldman Sachs

Bernstein

Initiated Outperform X

GTLB GitLab

Bernstein

$62

Downgrades Outperform Mkt Perform X

HAIN Hain Celestial

Bernstein

Downgrades Outperform Mkt Perform X

HCA HCA

Bernstein

$277 $301

Upgrades Mkt Perform Outperform X

HCA HCA

Bernstein

$273 $271

Initiated Mkt Perform X

HD Home Depot

Bernstein

$451

Initiated Mkt Perform X

HD Home Depot

Bernstein

$337

Downgrades Outperform Mkt Perform X

HES Hess

Bernstein

$189 $166

Initiated Outperform X

HES Hess

Bernstein

$89

Downgrades Outperform Mkt Perform X

HLN Haleon plc

Bernstein

Initiated Outperform X

HLN Haleon plc

Bernstein

Downgrades Outperform Mkt Perform X

HLT Hilton

Bernstein

$161

Downgrades Outperform Mkt Perform X

HLT Hilton

Bernstein

Reiterated Mkt Perform X

HOG Harley-Davidson

Bernstein

$52 $45

Initiated Outperform X

HOOD Robinhood Markets

Bernstein

$30

Downgrades Outperform Mkt Perform X

HP Helmerich & Payne

Bernstein

Downgrades Outperform Mkt Perform X

HPE Hewlett Packard Enterprise

Bernstein

$20 $17

Downgrades Outperform Mkt Perform X

HPE Hewlett Packard Enterprise

Bernstein

Downgrades Outperform Mkt Perform X

HSY Hershey Foods

Bernstein

$230 $205

Upgrades Mkt Perform Outperform X

HSY Hershey Foods

Bernstein

$235

Initiated Outperform X

HUBB Hubbell

Bernstein

$535

Upgrades Mkt Perform Outperform X

HUM Humana

Bernstein

$308

Initiated Mkt Perform X

HUM Humana

Bernstein

$480 $506

Initiated Outperform X

HWM Howmet Aerospace

Bernstein

$67

Initiated Outperform X

ICE IntercontinentalExchange

Bernstein

Initiated Mkt Perform X

IEX IDEX Corp

Bernstein

$230

Upgrades Underperform Mkt Perform X

IHG Intercontinental Hotels Group

Bernstein

Downgrades Mkt Perform Underperform X

IHG Intercontinental Hotels Group

Bernstein

Upgrades Underperform Mkt Perform X

ILMN Illumina

Bernstein

Initiated Underperform X

ILMN Illumina

Bernstein

$111

Upgrades Mkt Perform Outperform X

INFY Infosys

Bernstein

Upgrades Underperform Mkt Perform X

INTC Intel

Bernstein

$20 $30

Downgrades Mkt Perform Underperform X

INTC Intel

Bernstein

Upgrades Underperform Mkt Perform X

INTC Intel

Bernstein

Upgrades Underperform Mkt Perform X

IONS Ionis Pharma

Bernstein

$44

Initiated Underperform X

IONS Ionis Pharma

Bernstein

$31

Downgrades Outperform Mkt Perform X

IPGP IPG Photonics

Bernstein

$160

Initiated Outperform X

IPGP IPG Photonics

Bernstein

$294

Initiated Outperform X

IREN Iris Energy

Bernstein

$26

Initiated Outperform X

ISRG Intuitive Surgical

Bernstein

$560

Upgrades Mkt Perform Outperform X

JD JD.com

Bernstein

$46

Downgrades Outperform Mkt Perform X

JD JD.com

Bernstein

$55 $31

Initiated Outperform X

JD JD.com

Bernstein

$120

Resumed Mkt Perform X

JD JD.com

Bernstein

Downgrades Outperform Mkt Perform X

JNJ Johnson & Johnson

Bernstein

$180 $183

Initiated Mkt Perform X

JNJ Johnson & Johnson

Bernstein

$129

Upgrades Underperform Mkt Perform X

K Kellogg

Bernstein

$62

Initiated Outperform X

KDP Keurig Dr Pepper

Bernstein

$40

Upgrades Mkt Perform Outperform X

KHC Kraft Heinz

Bernstein

$40

Downgrades Outperform Mkt Perform X

KHC Kraft Heinz

Bernstein

Downgrades Mkt Perform Underperform X

KKR KKR

Bernstein

Upgrades Underperform Mkt Perform X

KMB Kimberly-Clark

Bernstein

$125 $118

Downgrades Mkt Perform Underperform X

KMB Kimberly-Clark

Bernstein

$126

Initiated Mkt Perform X

KMB Kimberly-Clark

Bernstein

$142

Upgrades Mkt Perform Outperform X

KMI Kinder Morgan

Bernstein

$19 $22

Downgrades Outperform Mkt Perform X

KMI Kinder Morgan

Bernstein

$18 $17

Upgrades Mkt Perform Outperform X

KMI Kinder Morgan

Bernstein

Initiated Outperform X

KO Coca-Cola

Bernstein

$58

Upgrades Underperform Mkt Perform X

KORS Michael Kors

Bernstein

Upgrades Mkt Perform Outperform X

KOS Kosmos Energy

Bernstein

Upgrades Mkt Perform Outperform X

KOS Kosmos Energy

Bernstein

Initiated Outperform X

KR Kroger

Bernstein

$58

Upgrades Mkt Perform Outperform X

KR Kroger

Bernstein

$33

Initiated Mkt Perform X

KR Kroger

Bernstein

$27

Initiated Underperform X

KVUE Kenvue

Bernstein

$18

Downgrades Outperform Mkt Perform X

LB L Brands

Bernstein

$30

Downgrades Outperform Mkt Perform X

LBTYA Liberty Global

Bernstein

$24.70 $12.40

Downgrades Outperform Mkt Perform X

LBTYA Liberty Global

Bernstein

$23

Upgrades Mkt Perform Outperform X

LBTYA Liberty Global

Bernstein

Downgrades Outperform Mkt Perform X

LFC China Life Insurance

Bernstein

Downgrades Outperform Mkt Perform X

LGF-A Lions Gate Entertainment

Bernstein

Upgrades Mkt Perform Outperform X

LHX L3Harris

Bernstein

$289 $267

Downgrades Outperform Mkt Perform X

LHX L3Harris

Bernstein

$239 $210

Initiated Outperform X

LI Li Auto

Bernstein

$43

Initiated Underperform X

LIN Linde plc

Bernstein

Initiated Outperform X

LLY Eli Lilly

Bernstein

$1100

Reiterated Mkt Perform X

LLY Eli Lilly

Bernstein

$250 $300

Initiated Outperform X

LNG Cheniere Energy

Bernstein

Upgrades Mkt Perform Outperform X

LNG Cheniere Energy

Bernstein

Initiated Outperform X

LOW Lowe’s

Bernstein

$323

Upgrades Mkt Perform Outperform X

LOW Lowe’s

Bernstein

$252 $282

Initiated Mkt Perform X

LOW Lowe’s

Bernstein

$237

Initiated Outperform X

LPLA LPL Financial

Bernstein

Upgrades Mkt Perform Outperform X

LRCX Lam Research

Bernstein

$85 $91

Downgrades Outperform Mkt Perform X

LRCX Lam Research

Bernstein

Initiated Outperform X

LRCX Lam Research

Bernstein

$700

Initiated Outperform X

LU Lufax

Bernstein

$2.50

Upgrades Underperform Mkt Perform X

LU Lufax

Bernstein

$6

Initiated Underperform X

LU Lufax

Bernstein

Upgrades Mkt Perform Outperform X

LULU lululemon athletica

Bernstein

$360 $460

Upgrades Underperform Mkt Perform X

LULU lululemon athletica

Bernstein

$328 $366

Downgrades Mkt Perform Underperform X

LULU lululemon athletica

Bernstein

$340 $290

Upgrades Underperform Mkt Perform X

LULU lululemon athletica

Bernstein

$300

Initiated Underperform X

LULU lululemon athletica

Bernstein

$260

Upgrades Underperform Mkt Perform X

LUV Southwest Air

Bernstein

Downgrades Mkt Perform Underperform X

LUV Southwest Air

Bernstein

$24

Downgrades Outperform Mkt Perform X

LUV Southwest Air

Bernstein

Initiated Outperform X

LVS Las Vegas Sands

Bernstein

Initiated Mkt Perform X

LYFT Lyft

Bernstein

$30 $22

Resumed Outperform X

MA MasterCard

Bernstein

$380

Initiated Outperform X

MA MasterCard

Bernstein

Upgrades Mkt Perform Outperform X

MAR Marriott

Bernstein

$247 $262

Initiated Mkt Perform X

MARA Marathon Digital Holdings

Bernstein

$8.30

Downgrades Outperform Mkt Perform X

MAR Marriott

Bernstein

$204 $218

Upgrades Mkt Perform Outperform X

MAR Marriott

Bernstein

$204

Initiated Mkt Perform X

MCD McDonald’s

Bernstein

$267

Initiated Outperform X

MDB MongoDB

Bernstein

$282

Initiated Mkt Perform X

MDT Medtronic

Bernstein

$88

Reiterated Outperform X

META Meta Platforms

Bernstein

$435 $535

Reiterated Outperform X

META Meta Platforms

Bernstein

$250 $275

Reiterated Outperform X

META Meta Platforms

Bernstein

$225 $250

Reiterated Outperform X

META Meta Platforms

Bernstein

$170 $210

Initiated Mkt Perform X

MGM MGM Resorts

Bernstein

Upgrades Mkt Perform Outperform X

MKC McCormick

Bernstein

$90

Resumed Mkt Perform X

MMM 3M

Bernstein

$155

Initiated Mkt Perform X

MMM 3M

Bernstein

$175

Upgrades Mkt Perform Outperform X

MNST Monster Beverage

Bernstein

$97 $110

Initiated Mkt Perform X

MNST Monster Beverage

Bernstein

$100

Downgrades Outperform Mkt Perform X

MO Altria

Bernstein

$58 $53

Initiated Outperform X

MO Altria

Bernstein

$53

Initiated Mkt Perform X

MO Altria

Bernstein

Initiated Mkt Perform X

MRK Merck

Bernstein

$115

Initiated Mkt Perform X

MRNA Moderna

Bernstein

$55

Upgrades Underperform Mkt Perform X

MS Morgan Stanley

Bernstein

Initiated Underperform X

MS Morgan Stanley

Bernstein

Reiterated Outperform X

MSFT Microsoft

Bernstein

$298 $333

Initiated Outperform X

MSTR MicroStrategy

Bernstein

$2890

Upgrades Mkt Perform Outperform X

MTB M&T Bank

Bernstein

Upgrades Mkt Perform Outperform X

MU Micron

Bernstein

$94

Initiated Underperform X

MU Micron

Bernstein

$58

Upgrades Mkt Perform Outperform X

MU Micron

Bernstein

Downgrades Outperform Mkt Perform X

MYL Mylan N.V.

Bernstein

$33

Upgrades Mkt Perform Outperform X

NCLH Norwegian Cruise Line

Bernstein

Initiated Mkt Perform X

NDAQ NASDAQ

Bernstein

Upgrades Underperform Mkt Perform X

NE Noble Corp PLC

Bernstein

Initiated Outperform X

NEE NextEra Energy

Bernstein

$88

Downgrades Outperform Mkt Perform X

NEM Newmont Goldcorp

Bernstein

$57

Initiated Mkt Perform X

NET Cloudflare

Bernstein

$85

Upgrades Mkt Perform Outperform X

NFLX Netflix

Bernstein

$975 $1200

Reiterated Mkt Perform X

NFLX Netflix

Bernstein

$390 $490

Initiated Mkt Perform X

NFLX Netflix

Bernstein

$375

Reiterated Outperform X

NFLX Netflix

Bernstein

$421 $451

Reiterated Outperform X

NFLX Netflix

Bernstein

$302 $340

Upgrades Mkt Perform Outperform X

NGG National Grid

Bernstein

Initiated Mkt Perform X

NIO NIO

Bernstein

$45

Initiated Underperform X

NIO NIO

Bernstein

$4.20

Initiated Outperform X

NKE NIKE

Bernstein

$160

Downgrades Outperform Mkt Perform X

NOC Northrop Grumman

Bernstein

$477

Initiated Outperform X

NOW ServiceNow

Bernstein

$646

Upgrades Mkt Perform Outperform X

NSC Norfolk Southern

Bernstein

$272

Reiterated Mkt Perform X

NSC Norfolk Southern

Bernstein

$239 $226

Initiated Outperform X

NTES NetEase

Bernstein

Initiated Mkt Perform X

NTES Netease

Bernstein

$240

Initiated Outperform X

NTLA Intellia Therapeutics

Bernstein

$54

Initiated Mkt Perform X

NTRA Natera

Bernstein

$48

Reiterated Outperform X

NVDA NVIDIA

Bernstein

$1000 $1300

Reiterated Outperform X

NVDA NVIDIA

Bernstein

$700 $1000

Reiterated Outperform X

NVDA NVIDIA

Bernstein

$675 $700

Downgrades Outperform Mkt Perform X

NVDA NVIDIA

Bernstein

$175

Upgrades Underperform Mkt Perform X

NVO Novo Nordisk A/S

Bernstein

Initiated Mkt Perform X

NVS Novartis AG

Bernstein

Upgrades Mkt Perform Outperform X

NXPI NXP Semi

Bernstein

Downgrades Outperform Mkt Perform X

OKE ONEOK

Bernstein

Upgrades Mkt Perform Outperform X

OKTA Okta

Bernstein

$123 $129

Reiterated Mkt Perform X

OKTA Okta

Bernstein

$116 $123

Initiated Mkt Perform X

OKTA Okta

Bernstein

$94

Initiated Outperform X

ONON On

Bernstein

$50

Upgrades Mkt Perform Outperform X

ORAN Orange

Bernstein

Initiated Outperform X

OSH Oak Street Health

Bernstein

$60 $26

Initiated Outperform X

OSH Oak Street Health

Bernstein

$79

Downgrades Outperform Mkt Perform X

PAA Plains All American

Bernstein

Upgrades Mkt Perform Outperform X

PAA Plains All American

Bernstein

$14.50

Downgrades Outperform Mkt Perform X

PAA Plains All American

Bernstein

Initiated Outperform X

PACB Pacific Biosciences

Bernstein

$11

Upgrades Mkt Perform Outperform X

PAGP Plains GP

Bernstein

$14.50

Downgrades Outperform Mkt Perform X

PAGP Plains GP

Bernstein

Initiated Outperform X

PANW Palo Alto Networks

Bernstein

$402

Initiated Underperform X

PARA Paramount Global

Bernstein

$11

Downgrades Mkt Perform Underperform X

PAYX Paychex

Bernstein

Downgrades Mkt Perform Underperform X

PB Prosperity Bancshares

Bernstein

Upgrades Mkt Perform Outperform X

PCAR PACCAR

Bernstein

$98

Initiated Outperform X

PDD Pinduoduo

Bernstein

$210

Upgrades Underperform Mkt Perform X

PEP PepsiCo

Bernstein

Initiated Underperform X

PEP PepsiCo

Bernstein

$136

Initiated Mkt Perform X

PFE Pfizer

Bernstein

$32

Reiterated Mkt Perform X

PFE Pfizer

Bernstein

$44 $65

Initiated Mkt Perform X

PG Procter & Gamble

Bernstein

$149

Upgrades Mkt Perform Outperform X

PHG Philips

Bernstein

Upgrades Mkt Perform Outperform X

PINS Pinterest

Bernstein

$34 $47

Reiterated Mkt Perform X

PINS Pinterest

Bernstein

$28 $23

Reiterated Mkt Perform X

PINS Pinterest

Bernstein

$27 $28

Initiated Outperform X

PLUG Plug Power

Bernstein

$75

Initiated Mkt Perform X

PM Philip Morris International

Bernstein

$92

Initiated Outperform X

PM Philip Morris International

Bernstein

Upgrades Mkt Perform Outperform X

PNC PNC

Bernstein

Initiated Outperform X

PODD Insulet

Bernstein

$300

Initiated Underperform X

PSNY Polestar Automotive Holding UK PLC

Bernstein

$1.15

Initiated Outperform X

PTCT PTC Therapeutics

Bernstein

$48

Initiated Outperform X

PTEN Patterson-UTI

Bernstein

Initiated Outperform X

PTON Peloton

Bernstein

$40

Downgrades Outperform Mkt Perform X

PTR PetroChina

Bernstein

Upgrades Mkt Perform Outperform X

PTR PetroChina

Bernstein

Initiated Underperform X

PX Praxair

Bernstein

$132

Upgrades Mkt Perform Outperform X

PXD Pioneer Natural Resources

Bernstein

Downgrades Outperform Mkt Perform X

PXD Pioneer Natural Resources

Bernstein

$143

Downgrades Outperform Mkt Perform X

PYPL PayPal

Bernstein

$75 $80

Upgrades Mkt Perform Outperform X

PYPL PayPal

Bernstein

$71 $78

Reiterated Mkt Perform X

PYPL PayPal

Bernstein

$90 $85

Downgrades Outperform Mkt Perform X

PYPL PayPal

Bernstein

$260 $220

Resumed Outperform X

PYPL PayPal

Bernstein

$297

Initiated Mkt Perform X

PYPL PayPal

Bernstein

Reiterated Outperform X

QCOM Qualcomm

Bernstein

$225 $250

Downgrades Outperform Mkt Perform X

QD Qudian

Bernstein

Upgrades Mkt Perform Outperform X

QSR Restaurant Brands Int’l

Bernstein

$85

Initiated Mkt Perform X

QSR Restaurant Brands Int’l

Bernstein

$64

Initiated Outperform X

QSR Restaurant Brands Int’l

Bernstein

Upgrades Underperform Mkt Perform X

RACE Ferrari

Bernstein

Initiated Outperform X

RCL Royal Caribbean

Bernstein

$290

Downgrades Outperform Mkt Perform X

RDY Dr. Reddy’s

Bernstein

Initiated Outperform X

REGN Regeneron Pharma

Bernstein

$1125

Upgrades Mkt Perform Outperform X

REGN Regeneron Pharma

Bernstein

$660

Downgrades Outperform Mkt Perform X

REGN Regeneron Pharma

Bernstein

$660

Upgrades Mkt Perform Outperform X

RIO Rio Tinto

Bernstein

Initiated Outperform X

RIOT Riot Platforms

Bernstein

$15.60

Initiated Underperform X

RIVN Rivian Automotive

Bernstein

$6.10

Initiated Mkt Perform X

RJF Raymond James

Bernstein

Downgrades Outperform Mkt Perform X

ROK Rockwell Automation

Bernstein

$290

Initiated Outperform X

ROK Rockwell Automation

Bernstein

$378

Upgrades Underperform Mkt Perform X

ROP Roper

Bernstein

$490 $525

Initiated Mkt Perform X

ROP Roper

Bernstein

$505 $490

Initiated Mkt Perform X

ROP Roper

Bernstein

$505

Downgrades Outperform Mkt Perform X

ROST Ross Stores

Bernstein

$178 $165

Initiated Outperform X

ROST Ross Stores

Bernstein

$125

Initiated Mkt Perform X

RRC Range Resources

Bernstein

$32

Downgrades Outperform Mkt Perform X

RRC Range Resources

Bernstein

Upgrades Underperform Mkt Perform X

RTO Rentokil Initial plc

Bernstein

Downgrades Outperform Mkt Perform X

RVTY Revvity

Bernstein

$130

Initiated Outperform X

RVTY Revvity

Bernstein

$133

Upgrades Mkt Perform Outperform X

RYAAY Ryanair Hldgs

Bernstein

$107

Downgrades Outperform Mkt Perform X

RYAAY Ryanair Hldgs

Bernstein

Initiated Outperform X

S SentinelOne

Bernstein

$34

Downgrades Mkt Perform Underperform X

SABR Sabre

Bernstein

$3

Upgrades Underperform Mkt Perform X

SABR Sabre

Bernstein

$3.50

Initiated Underperform X

SABR Sabre

Bernstein

$4

Downgrades Outperform Mkt Perform X

SABR Sabre

Bernstein

Upgrades Underperform Mkt Perform X

SAM Boston Beer Co

Bernstein

$280 $335

Downgrades Mkt Perform Underperform X

SAM Boston Beer Co

Bernstein

$320 $255

Downgrades Outperform Mkt Perform X

SAM Boston Beer Co

Bernstein

$565 $340

Initiated Outperform X

SAM Boston Beer Co

Bernstein

$1340

Initiated Outperform X

SAP SAP SE

Bernstein

$227

Upgrades Mkt Perform Outperform X

SBUX Starbucks

Bernstein

$92 $115

Initiated Mkt Perform X

SBUX Starbucks

Bernstein

$94

Downgrades Outperform Mkt Perform X

SBUX Starbucks

Bernstein

Initiated Mkt Perform X

SCHW Charles Schwab

Bernstein

Initiated Outperform X

SE Sea Limited

Bernstein

Initiated Mkt Perform X

SFIX Stitch Fix

Bernstein

$11

Upgrades Underperform Mkt Perform X

SFM Sprouts Farmers Market

Bernstein

$23

Initiated Underperform X

SFM Sprouts Farmers Market

Bernstein

$23

Downgrades Outperform Mkt Perform X

SHPG Shire plc

Bernstein

Upgrades Mkt Perform Outperform X

SHPG Shire plc

Bernstein

Downgrades Outperform Mkt Perform X

SIVB SVB Financial Group

Bernstein

Upgrades Underperform Mkt Perform X

SJM J.M. Smucker

Bernstein

$123 $119

Initiated Outperform X

SMPL Simply Good Foods

Bernstein

Downgrades Outperform Mkt Perform X

SNAP Snap

Bernstein

$15 $9

Initiated Mkt Perform X

SNOW Snowflake

Bernstein

Upgrades Mkt Perform Outperform X

SNP China Petroleum (Sinopec)

Bernstein

Initiated Outperform X

SONY Sony

Bernstein

Downgrades Mkt Perform Underperform X

SPCE Virgin Galactic

Bernstein

$4

Initiated Mkt Perform X

SPCE Virgin Galactic

Bernstein

$27

Downgrades Outperform Mkt Perform X

SPLK Splunk

Bernstein

Upgrades Underperform Mkt Perform X

SPOT Spotify

Bernstein

Upgrades Mkt Perform Outperform X

SPR Spirit Aerosystems

Bernstein

$25 $29

Downgrades Outperform Mkt Perform X

SPR Spirit Aerosystems

Bernstein

$46 $38

Resumed Outperform X

SQ Square

Bernstein

$266

Initiated Mkt Perform X

SQ Square

Bernstein

$80

Initiated Outperform X

SRFM Surf Air Mobility

Bernstein

Initiated Outperform X

SRPT Sarepta Therapeutics

Bernstein

Upgrades Mkt Perform Outperform X

STI SunTrust Banks

Bernstein

Initiated Mkt Perform X

STLA Stellantis

Bernstein

Downgrades Outperform Mkt Perform X

STLA Stellantis

Bernstein

Upgrades Mkt Perform Outperform X

STLA Stellantis

Bernstein

$18.50 $26.40

Initiated Mkt Perform X

STLA Stellantis

Bernstein

Downgrades Outperform Mkt Perform X

STM STMicroelectronics

Bernstein

Initiated Outperform X

STM STMicroelectronics

Bernstein

Initiated Outperform X

STZ Constellation Brands

Bernstein

$305

Upgrades Mkt Perform Outperform X

SYK Stryker

Bernstein

$288 $295

Initiated Mkt Perform X

SYK Stryker

Bernstein

$177

Initiated Outperform X

T AT&T

Bernstein

$28

Downgrades Outperform Mkt Perform X

TAP Molson Coors Brewing

Bernstein

$59

Initiated Outperform X

TAP Molson Coors Brewing

Bernstein

$74

Upgrades Mkt Perform Outperform X

TCBI Texas Capital

Bernstein

Initiated Outperform X

TCOM Trip.com Group

Bernstein

$85

Initiated Outperform X

TCOM Trip.com Group

Bernstein

$51

Upgrades Underperform Mkt Perform X

TDC Teradata

Bernstein

Initiated Outperform X

TEAM Atlassian

Bernstein

$257

Upgrades Mkt Perform Outperform X

TEVA Teva Pharma

Bernstein

$11

Initiated Mkt Perform X

TGT Target

Bernstein

$168

Initiated Outperform X

TGT Target

Bernstein

$190

Downgrades Outperform Mkt Perform X

TGT Target

Bernstein

Upgrades Mkt Perform Outperform X

TI Telecom Italia

Bernstein

Initiated Mkt Perform X

TJX TJX

Bernstein

$68

Initiated Mkt Perform X

TLRY Tilray

Bernstein

$3.90

Initiated Outperform X

TME Tencent Music

Bernstein

$14

Upgrades Mkt Perform Outperform X

TMO Thermo Fisher

Bernstein

$630

Downgrades Outperform Mkt Perform X

TMO Thermo Fisher

Bernstein

Initiated Outperform X

TMO Thermo Fisher

Bernstein

$603

Initiated Mkt Perform X

TMUS T-Mobile US

Bernstein

$265

Downgrades Outperform Mkt Perform X

TNDM Tandem Diabetes Care

Bernstein

$35 $25

Initiated Outperform X

TNDM Tandem Diabetes Care

Bernstein

$42

Upgrades Mkt Perform Outperform X

TOT Total S.A.

Bernstein

Upgrades Mkt Perform Outperform X

TPR Tapestry

Bernstein

$50 $55

Downgrades Outperform Mkt Perform X

TPR Tapestry

Bernstein

Initiated Outperform X

TPR Tapestry

Bernstein

$62

Upgrades Mkt Perform Outperform X

TRIP TripAdvisor

Bernstein

Downgrades Outperform Mkt Perform X

TRIP TripAdvisor

Bernstein

$28 $26

Initiated Outperform X

TSCO Tractor Supply

Bernstein

Reiterated Mkt Perform X

TSLA Tesla

Bernstein

$265 $325

Upgrades Mkt Perform Outperform X

TSM Taiwan Semi

Bernstein

$149

Reiterated Mkt Perform X

TSM Taiwan Semi

Bernstein

$40 $42

Resumed Outperform X

TSN Tyson Foods

Bernstein

Upgrades Mkt Perform Outperform X

TTE TotalEnergies SE

Bernstein

Initiated Outperform X

TTWO Take-Two

Bernstein

$173

Initiated Outperform X

TTWO Take-Two

Bernstein

$175

Initiated Mkt Perform X

TWLO Twilio

Bernstein

$91

Downgrades Mkt Perform Underperform X

TXN Texas Instruments

Bernstein

$145

Downgrades Outperform Mkt Perform X

TXN Texas Instruments

Bernstein

Initiated Mkt Perform X

TXT Textron

Bernstein

Upgrades Mkt Perform Outperform X

UAL United Continental

Bernstein

Resumed Outperform X

UBER Uber

Bernstein

$45 $35

Upgrades Underperform Mkt Perform X

UL Unilever PLC

Bernstein

Downgrades Outperform Mkt Perform X

UL Unilever PLC

Bernstein

Upgrades Underperform Mkt Perform X

UL Unilever PLC

Bernstein

Downgrades Mkt Perform Underperform X

UL Unilever PLC

Bernstein

Upgrades Underperform Mkt Perform X

UL Unilever PLC

Bernstein

Downgrades Mkt Perform Underperform X

UMC United Micro

Bernstein

$8.40 $7.30

Upgrades Mkt Perform Outperform X

UNH UnitedHealth

Bernstein

$595 $603

Downgrades Outperform Mkt Perform X

UNH UnitedHealth

Bernstein

$561

Upgrades Mkt Perform Outperform X

UNP Union Pacific

Bernstein

$280

Reiterated Mkt Perform X

UNP Union Pacific

Bernstein

$223 $213

Downgrades Outperform Mkt Perform X

UNP Union Pacific

Bernstein

$234 $230

Upgrades Mkt Perform Outperform X

UNP Union Pacific

Bernstein

Downgrades Outperform Mkt Perform X

UNP Union Pacific

Bernstein

Downgrades Mkt Perform Underperform X

URI United Rentals

Bernstein

$307 $269

Resumed Outperform X

V Visa

Bernstein

$232

Initiated Outperform X

V Visa

Bernstein

Downgrades Outperform Mkt Perform X

VOD Vodafone PLC

Bernstein

Upgrades Mkt Perform Outperform X

VOD Vodafone PLC

Bernstein

Downgrades Outperform Mkt Perform X

VRTX Vertex Pharma

Bernstein

Initiated Outperform X

VRTX Vertex Pharma

Bernstein

$344

Initiated Mkt Perform X

VZ Verizon

Bernstein

$48

Upgrades Underperform Mkt Perform X

W Wayfair

Bernstein

$60 $65

Initiated Underperform X

W Wayfair

Bernstein

$45

Upgrades Mkt Perform Outperform X

WAT Waters

Bernstein

$430

Initiated Mkt Perform X

WAT Waters

Bernstein

$280

Downgrades Outperform Mkt Perform X

WBD Warner Bros. Discovery

Bernstein

$10 $8

Initiated Outperform X

WBD Warner Bros. Discovery

Bernstein

$19

Upgrades Mkt Perform Outperform X

WDAY Workday

Bernstein

Downgrades Outperform Mkt Perform X

WDS Woodside Energy Group

Bernstein

Downgrades Outperform Mkt Perform X

WEN Wendy’s

Bernstein

$24 $20

Initiated Outperform X

WEN Wendy’s

Bernstein

$25

Initiated Outperform X

WING Wingstop

Bernstein

$340

Downgrades Mkt Perform Underperform X

WIT Wipro

Bernstein

$5.10 $3.90

Upgrades Underperform Mkt Perform X

WIT Wipro

Bernstein

Initiated Outperform X

WLK Westlake Chemical

Bernstein

$150

Initiated Mkt Perform X

WLKP Westlake Chemical Partners

Bernstein

$25

Downgrades Outperform Mkt Perform X

WMB Williams Cos

Bernstein

$37 $34

Downgrades Outperform Mkt Perform X

WMB Williams Cos

Bernstein

$25

Upgrades Mkt Perform Outperform X

WMB Williams Cos

Bernstein

Downgrades Outperform Mkt Perform X

WMB Williams Cos

Bernstein

Initiated Outperform X

WMT Walmart

Bernstein

$95

Initiated Mkt Perform X

WMT Walmart

Bernstein

$159

Upgrades Mkt Perform Outperform X

WMT Wal-Mart

Bernstein

Initiated Mkt Perform X

WORK Slack

Bernstein

Upgrades Underperform Mkt Perform X

WPP WPP plc

Bernstein

$67.60

Initiated Outperform X

WYNN Wynn Resorts

Bernstein

Downgrades Outperform Mkt Perform X

XPEV XPeng

Bernstein

$16 $12

Initiated Outperform X

XPEV XPeng

Bernstein

$56

Downgrades Outperform Mkt Perform X

YUM Yum! Brands

Bernstein

$140 $135

Initiated Outperform X

YUM Yum! Brands

Bernstein

$144

Upgrades Underperform Mkt Perform X

ZBH Zimmer Biomet

Bernstein

Initiated Underperform X

ZBH Zimmer Biomet

Bernstein

$96

Upgrades Underperform Mkt Perform X

ZG Zillow

Bernstein

$35 $45

Initiated Underperform X

ZG Zillow

Bernstein

$34

Initiated Mkt Perform X

ZM Zoom Video

Bernstein

$122

Initiated Outperform X

ZM Zoom Video

Bernstein

Initiated Outperform X

ZS Zscaler

Bernstein

$311