Epstein File EFTA01385526: Deutsche Bank and Driver (DS10)

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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01385526: Deutsche Bank and Driver (DS10)

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This document is a Deutsche Bank research report on energy, materials, and industrials sectors, including analysis of Linde with analyst Tim Jones providing a BUY recommendation at €186.1 with a €227 target price representing 22% upside. The report discusses key drivers including improving gas industry fundamentals and consolidation effects on market dynamics.

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Deutsche Bank driver

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Excerpt 1

> Energy, Materials & Industrials **Deutsche** **Bank** 20 Linde - Tim Jones, BUY, close €186.1, €227 tgt, 22% upside.

Excerpt 2

Source: **Deutsche** **Bank** estimates, Spiritus Consulting. TNS = Taiyo Nippon Sanao. Data includes share of sales. from associate participations and JVs.

Excerpt 3

BUY (Jones) average leader Pan European Chemicals: 2018 Outlook: A "super" sector (Jones) Source: **Deutsche** **Bank**, Company Data **Deutsche** **Bank** Research: European