Research Disclosures & Disclaimers

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Commonwealth Bank of Australia (CBA.AX)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (A$)	Price Target (A$)	Rating
2022-02-28	93.46	100.00	Neutral
2022-06-08	97.47	105.00	Neutral
2022-08-11	100.85	100.00	Neutral
2022-11-21	106.58	105.00	Neutral
2023-02-16	101.50	101.00	Neutral
2023-03-28	96.06	100.00	Neutral
2023-08-10	104.47	105.00	Neutral
2024-02-15	114.16	105.00	Sell
2024-06-04	122.46	107.00	Sell
2024-08-12	130.53	110.00	Sell
2024-12-02	158.19	115.00	Sell
2025-05-14	167.50	120.00	Sell

Disclosures

UBS has acted as manager/co-manager in the underwriting or placement of securities of this company/entity or one of its affiliates within the past 12 months.
Within the past 12 months, UBS has received compensation for investment banking services from this company/entity or one of its affiliates.
UBS expects to receive or intend to seek compensation for investment banking services from this company/entity within the next three months.
Within the past 12 months, UBS has received compensation for products and services other than investment banking services from this company/entity.
UBS is acting as broker to CBA for its on market buyback and will receive a fee for acting in this capacity
UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.