📄 Extracted Text (475 words)
Deutsche Bank AG Frankfurt authorized by the BaFin. In the United Kingdom this report
is approved and/or communicated by Deutsche Bank AG London, a member of the London
Stock Exchange and regulated by the Financial Services Authority for the conduct of
investment business in the UK and authorized by the BaFin. This report is distributed
in Hong Kong by Deutsche Bank AG, Hong Kong Branch, in Korea by Deutsche Securities
Korea Co. This report is distributed in Singapore by Deutsche Bank AG, Singapore
Branch, and recipients in Singapore of this report are to contact Deutsche Bank AG,
Singapore Branch in respect of any matters arising from, or in connection with, this
report. Where this report is issued or promulgated in Singapore to a person who is not
an accredited investor, expert investor or institutional investor (as defined in the
applicable Singapore laws and regulations), Deutsche Bank AG, Singapore Branch accepts
legal responsibility to such person for the contents of this report. In Japan this
report is approved and/or distributed by Deutsche Securities Inc. The information
contained in this report does not constitute the provision of investment advice. In
Australia, retail clients should obtain a copy of a Product Disclosure Statement (PDS)
relating to any financial product referred to in this report and consider the PDS
before making any decision about whether to acquire the product. Deutsche Bank AG
Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number
in South Africa: 1998/003298/10). Additional information relative to securities, other
financial products or issuers discussed in this report is available upon request. This
report may not be reproduced, distributed or published by any person for any purpose
without Deutsche Bank's prior written consent. Please cite source when quoting.
Copyright(c) 2013 Deutsche Bank AG
Additional information available upon request.
DEUTSCHE BANK RESEARCH KEY RATINGS:
Buy: Based on a current 12- month view of total shareholder
return (TSR = percentage change in share price
from current price to projected target price plus projected
dividend yield ) , we recommend that investors
buy the stock.
Sell: Based on a current 12-month view of total shareholder
return, we recommend that investors sell the
stock
Hold: We take a neutral view on the stock 12-months
out and, based on this time horizon, do not recommend
either a Buy or Sell.
The target prices of shares mentioned in the accompanying text are based
on an assumed investment horizon of 12 months. If company notes are
published on these shares in the future, the target prices mentioned in
the new notes will have priority.
For disclosures pertaining to recommendations or estimates made on a
security mentioned in this report, please see the most recently
published company report or visit our global disclosure look-up page on
our website at http://equities.research.db.com.
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0123328
CONFIDENTIAL SDNY_GM_00269512
EFTA01461341
ℹ️ Document Details
SHA-256
5d428d62e7e9be50055ba0fa578f927182eb0653a2e8d2259ec8e33bd3164d8c
Bates Number
EFTA01461341
Dataset
DataSet-10
Document Type
document
Pages
1
Comments 0