Analyst Ratings Published by SVB Securities

5/24/23	Reiterated	Outperform	X
A Agilent SVB Securities
$170 $145
2/10/23	Upgrades	Underperform Mkt Perform	X
ABBV AbbVie SVB Securities
$135 $153
5/12/23	Downgrades	Outperform Mkt Perform	X
ARWR Arrowhead SVB Securities
$40
4/12/23	Upgrades	Mkt Perform Outperform	X
ARWR Arrowhead SVB Securities
$21 $35
1/24/23	Initiated	Outperform	X
BHVN Biohaven SVB Securities
$24
7/26/23	Initiated	Outperform	X
BLTE Belite Bio SVB Securities
$25
7/10/23	Initiated	Market Perform	X
BMY Bristol-Myers SVB Securities
$66
6/5/23	Downgrades	Mkt Perform Underperform	X
BPMC Blueprint Medicines SVB Securities
$48 $43
3/17/23	Initiated	Outperform	X
CNTA Centessa Pharmaceuticals SVB Securities
$6
4/11/23	Initiated	Market Perform	X
CORT Corcept Therapeutics SVB Securities
$25
6/8/23	Initiated	Outperform	X
CVAC CureVac SVB Securities
$13
7/13/23	Downgrades	Outperform Mkt Perform	X
CYRX Cryoport SVB Securities
$30 $10
8/15/23	Initiated	Outperform	X
CYTK Cytokinetics SVB Securities
$58
3/15/23	Downgrades	Outperform Mkt Perform	X
DBTX Decibel Therapeutics SVB Securities
$7 $2
5/1/23	Initiated	Outperform	X
DHR Danaher SVB Securities
$300
1/30/23	Initiated	Outperform	X
DNLI Denali Therapeutics SVB Securities
$50
8/15/23	Downgrades	Outperform Mkt Perform	X
DSGN Design Therapeutics SVB Securities
$6
6/20/23	Initiated	Underperform	X
EHAB Enhabit Inc. SVB Securities
$10
5/30/23	Upgrades	Mkt Perform Outperform	X
ELEV Elevation Oncology SVB Securities
$5 $8
8/8/23	Initiated	Market Perform	X
EXEL Exelixis SVB Securities
$18
2/28/23	Initiated	Outperform	X
GPCR Structure Therapeutics SVB Securities
$33
3/16/23	Downgrades	Outperform Mkt Perform	X
HALO Halozyme Therapeutics SVB Securities
$42
8/8/23	Initiated	Outperform	X
IDYA IDEAYA Biosciences SVB Securities
$33
3/24/23	Upgrades	Underperform Mkt Perform	X
INCY Incyte SVB Securities
$61
2/28/23	Initiated	Outperform	X
IRON Disc Medicine SVB Securities
$36
2/2/23	Reiterated	Outperform	X
META Meta Platforms SVB Securities
$220 $255
2/24/23	Downgrades	Mkt Perform Underperform	X
MRNA Moderna SVB Securities
$111 $93
7/24/23	Upgrades	Mkt Perform Outperform	X
NBIX Neurocrine Biosciences SVB Securities
$115 $125
8/8/23	Initiated	Market Perform	X
NUVL Nuvalent SVB Securities
$42
8/4/23	Initiated	Outperform	X
NVCR NovoCure SVB Securities
$51
4/24/23	Initiated	Outperform	X
PRTA Prothena SVB Securities
$80
3/17/23	Initiated	Market Perform	X
PTCT PTC Therapeutics SVB Securities
$48
8/8/23	Upgrades	Mkt Perform Outperform	X
QTRX Quanterix SVB Securities
$30
3/21/23	Initiated	Outperform	X
RAIN Rain Oncology SVB Securities
$11
3/27/23	Upgrades	Mkt Perform Outperform	X
REGN Regeneron Pharma SVB Securities
$834 $976
6/12/23	Upgrades	Mkt Perform Outperform	X
RETA Reata Pharmaceuticals SVB Securities
$80 $115
8/18/23	Downgrades	Outperform Mkt Perform	X
SELB Selecta Biosciences SVB Securities
$1
2/6/23	Downgrades	Outperform Mkt Perform	X
SGEN Seagen SVB Securities
$162 $141
2/23/23	Upgrades	Mkt Perform Outperform	X
TDOC Teladoc SVB Securities
$34
5/10/23	Upgrades	Mkt Perform Outperform	X
TRHC Tabula Rasa HealthCare SVB Securities
$7 $10
8/16/23	Initiated	Market Perform	X
TSBX Turnstone Biologics SVB Securities
5/30/23	Upgrades	Mkt Perform Outperform	X
UHS Universal Health SVB Securities
$147 $170