Downgrades Buy Neutral X

AAL American Airlines

Redburn

Upgrades Neutral Buy X

AAL American Airlines

Redburn

$25

Downgrades Buy Neutral X

AAL American Airlines

Redburn

Initiated Neutral X

ABT Abbott Labs

Redburn

Upgrades Neutral Buy X

ACN Accenture

Redburn

Initiated Neutral X

AMAT Applied Materials

Redburn

Reiterated Buy X

AMZN Amazon

Redburn

$220 $230

Initiated Buy X

AMZN Amazon

Redburn

$270

Initiated Neutral X

ARGX argenx

Redburn

Downgrades Neutral Sell X

AXP American Express

Redburn

$125

Initiated Neutral X

AXP American Express

Redburn

Initiated Buy X

BEAM Beam Therapeutics

Redburn

Upgrades Neutral Buy X

BNTX BioNTech

Redburn

$165 $170

Upgrades Neutral Buy X

BUD Anheuser-Busch InBev

Redburn

Initiated Neutral X

CBOE Cboe Global Markets

Redburn

Initiated Sell X

CHH Choice Hotels

Redburn

Initiated Neutral X

CL Colgate-Palmolive

Redburn

Downgrades Buy Neutral X

CMCSA Comcast

Redburn

Initiated Buy X

CMCSA Comcast

Redburn

Downgrades Buy Neutral X

COIN Coinbase Global

Redburn

Initiated Buy X

COO Cooper

Redburn

Resumed Buy X

CRH CRH Plc.

Redburn

$6.50

Upgrades Neutral Buy X

CRH CRH Plc.

Redburn

Downgrades Buy Neutral X

CRH CRH Plc.

Redburn

Initiated Buy X

CRM Salesforce

Redburn

$320

Initiated Buy X

CRWD CrowdStrike

Redburn

$175

Upgrades Neutral Buy X

CVX Chevron

Redburn

Initiated Neutral X

CX CEMEX S.A.

Redburn

$4.90

Initiated Neutral X

CZR Caesars Entertainment

Redburn

Upgrades Neutral Buy X

DAL Delta Air Lines

Redburn

$55

Initiated Neutral X

DISH DISH Network

Redburn

Initiated Neutral X

DKNG DraftKings

Redburn

$19

Initiated Neutral X

DOW Dow

Redburn

Initiated Sell X

EL Estee Lauder

Redburn

$210

Initiated Neutral X

ERIC Ericsson

Redburn

Initiated Buy X

ETWO E2open

Redburn

Upgrades Neutral Buy X

EXPE Expedia Group

Redburn

Downgrades Buy Neutral X

EXPE Expedia Group

Redburn

Upgrades Sell Neutral X

FDS FactSet

Redburn

Initiated Sell X

FDS FactSet

Redburn

Resumed Buy X

FERG Ferguson plc

Redburn

Upgrades Neutral Buy X

FMC FMC Corp

Redburn

$155

Downgrades Buy Neutral X

FMC FMC Corp

Redburn

Upgrades Neutral Buy X

FRLN Freeline Therapeutics

Redburn

Initiated Buy X

GBTG Global Business Travel Group

Redburn

$12.50

Initiated Buy X

GEHC GE HealthCare

Redburn

Upgrades Neutral Buy X

GILD Gilead Sciences

Redburn

Initiated Neutral X

GTY Getty Realty Corp.

Redburn

Initiated Buy X

H Hyatt Hotels

Redburn

Initiated Neutral X

HLT Hilton

Redburn

Initiated Neutral X

HOLX Hologic

Redburn

Downgrades Buy Neutral X

HSBC HSBC Holdings

Redburn

Initiated Buy X

IFF Intl Flavors

Redburn

Resumed Neutral X

IPG Interpublic

Redburn

Downgrades Buy Neutral X

ISRG Intuitive Surgical

Redburn

Initiated Buy X

KOS Kosmos Energy

Redburn

$9

Initiated Buy X

LNW Light & Wonder

Redburn

$104

Initiated Sell X

LULU lululemon athletica

Redburn

$257

Downgrades Neutral Sell X

LUV Southwest Air

Redburn

$27

Downgrades Buy Neutral X

LUV Southwest Air

Redburn

$40

Initiated Buy X

LYB LyondellBasell

Redburn

Upgrades Sell Neutral X

LYG Lloyds Banking

Redburn

Initiated Neutral X

LYV Live Nation

Redburn

Initiated Neutral X

MA Mastercard

Redburn

Initiated Buy X

MAN Manpower

Redburn

$94

Initiated Sell X

MAR Marriott

Redburn

Upgrades Sell Neutral X

MDB MongoDB

Redburn

Initiated Sell X

MDB MongoDB

Redburn

$190

Upgrades Neutral Buy X

MNST Monster Beverage

Redburn

$120

Initiated Neutral X

MNST Monster Beverage

Redburn

Initiated Neutral X

MO Altria

Redburn

Downgrades Buy Neutral X

MORN Morningstar

Redburn

Upgrades Neutral Buy X

MORN Morningstar

Redburn

Upgrades Sell Neutral X

MRNA Moderna

Redburn

Initiated Buy X

MSCI MSCI

Redburn

Initiated Buy X

MSFT Microsoft

Redburn

$370

Initiated Neutral X

NDAQ NASDAQ

Redburn

Initiated Sell X

NKE NIKE

Redburn

$100

Initiated Buy X

NOK Nokia

Redburn

Downgrades Buy Neutral X

NVRO Nevro

Redburn

Initiated Buy X

PANW Palo Alto Networks

Redburn

$270

Initiated Buy X

PENN Penn Natl Gaming

Redburn

Initiated Sell X

PEP PepsiCo

Redburn

$141

Upgrades Neutral Buy X

PPG PPG Industries

Redburn

Initiated Sell X

PSNY Polestar Automotive Holding UK PLC

Redburn

Downgrades Buy Neutral X

PYPL PayPal

Redburn

Initiated Buy X

PYPL PayPal

Redburn

Initiated Buy X

QGEN Qiagen

Redburn

Upgrades Neutral Buy X

RACE Ferrari

Redburn

Downgrades Buy Neutral X

RACE Ferrari

Redburn

Upgrades Neutral Buy X

RDS-A Royal Dutch Shell

Redburn

Initiated Neutral X

RHI Robert Half

Redburn

$76

Initiated Buy X

ROL Rollins

Redburn

$62

Initiated Neutral X

S SentinelOne

Redburn

$18

Initiated Buy X

SABR Sabre

Redburn

Initiated Sell X

SAM Boston Beer Co

Redburn

Downgrades Neutral Sell X

SCHW Charles Schwab

Redburn

Initiated Neutral X

SCHW Charles Schwab

Redburn

Initiated Neutral X

SNOW Snowflake

Redburn

$125

Initiated Buy X

SPGI S&P Global

Redburn

Upgrades Neutral Buy X

SPOT Spotify

Redburn

$140

Upgrades Sell Neutral X

SPOT Spotify

Redburn

Downgrades Neutral Sell X

SPOT Spotify

Redburn

$170

Initiated Sell X

SQ Square

Redburn

Initiated Buy X

SSTK Shutterstock

Redburn

Initiated Buy X

STZ Constellation Brands

Redburn

Initiated Sell X

T AT&T

Redburn

Upgrades Sell Neutral X

TAP Molson Coors Brewing

Redburn

Downgrades Neutral Sell X

TMUS T-Mobile US

Redburn

Initiated Neutral X

TMUS T-Mobile US

Redburn

Initiated Sell X

TTD The Trade Desk

Redburn

$34

Initiated Buy X

TW Tradeweb Markets

Redburn

Initiated Buy X

UAA Under Armour

Redburn

$13.50

Upgrades Neutral Buy X

UAL United Airlines

Redburn

$80

Upgrades Sell Neutral X

UAL United Airlines

Redburn

$55

Initiated Sell X

V Visa

Redburn

Downgrades Buy Neutral X

VLO Valero Energy

Redburn

Upgrades Sell Neutral X

VRSK Verisk Analytics

Redburn

Initiated Sell X

VRSK Verisk Analytics

Redburn

Initiated Sell X

VZ Verizon

Redburn

Initiated Neutral X

WH Wyndham Hotels & Resorts

Redburn

Downgrades Neutral Sell X

WMG Warner Music Group

Redburn

Upgrades Sell Buy X

WMG Warner Music Group

Redburn

Initiated Sell X

WMG Warner Music Group

Redburn

Resumed Neutral X

WPP WPP plc

Redburn

Upgrades Sell Neutral X

XOM Exxon Mobil

Redburn

$100 $105

Downgrades Neutral Sell X

XOM Exxon Mobil

Redburn

Initiated Neutral X

ZS Zscaler

Redburn

$135