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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01371135: Holder (DS10)

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This document is an excerpt from an equity research or investment analysis report dated between January 2017 and September 2017, containing equity rating guidance with buy, sell, and hold recommendations based on 12-month total shareholder return views. The excerpt discusses equity rating dispersion and banking relationships but contains no specific individuals, companies, or financial amounts.

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PersonKeyword
Excerpt 1
Jan '17 May '17 Sep '17 Date Equity Rating Key Equity rating dispersion and banking relationships Buy: Based on a current 12- month view of total share-**holder**
Excerpt 2
Sell: Based on a current 12-month view of total share-**holder** M return, we recommend that investors sell the stock. 3M Hold: We take a neutral view on the

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