Volatility Risk Rating Changes

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Volatility Risk Rating Changes

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Volatility Risk Ratings

Research Communication

Volatility Risk Rating Changes 19 July 2026

We are changing the Volatility Risk Ratings (VRRs) for the below companies in our Global Equity

Equity Research coverage universe. VRRs are indicators of potential price fluctuation, A

Global Equity Research

Low, B Medium and C – High, and signify share price volatility, not company quality, BofAS

company risk or earnings performance.

Exhibit 1: Volatility Risk Rating changes - AMRS

We update the Volatility Risk Ratings for these companies in our AMRS Equity Research coverage universe.

Company Name Analyst Name Bloomberg Symbol Old VRR New VRR

3tentos Simonato,Isabella TTEN3 BZ C B

Advanced Energy Jang,Duksan AEIS US B C

Agree Realty Corp Galan,Jana ADC US A B

Alcon Ouaddour,Julien ALC SW A B

Alimentation C-T Inc Lewandowski,Lisa ATD CN C B

Alliant Energy Corp Fowler,Ross LNT US A B

Alpargatas S.A. Ford Aguilar,Robert ALPA4 BZ C B

Amcor Staphos,George AMC AU A C

Amcor PLC Staphos,George AMCR US B C

Amdocs Liani,Tal DOX US A B

Ameren Corp Cole,Paul AEE US A B

America Movil Araujo,Rogerio AMXB MM A B

American Elec Power Fowler,Ross AEP US A B

Arca Olvera,Fernando AC* MM A B

Ares Capital Hewett,Derek ARCC US A B

Atmos Energy Fowler,Ross ATO US A B

BCE Inc. Griffiths,Matthew BCE CN A B

Blackstone Secured Hewett,Derek BXSL US A B

Blau Yoshida,Flavio BLAU3 BZ C B

Booking Holdings Post,Justin BKNG US B C

BTG Pactual Pierry,Mario BPAC11 BZ C B

Camil Alimentos Simonato,Isabella CAML3 BZ C B

Cboe Global Mark Abboud,Elias CBOE US A B

CenterPoint Energy Fowler,Ross CNP US A B

Chipotle Mex Grill Senatore,Sara CMG US B C

Church & Dwight Lizzul,Anna CHD US A B

Cia de Saneamento Faria,Gustavo SBS US B C

Cia Saneamento M. G.