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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01385540: Emilia Sykes and Sykes (DS10)

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Deutsche Bank research document containing investment analysis and commentary on SGS (Sandoz Group Services), with Tom Sykes identified as the analyst. The document includes financial data, price targets, and business outlook commentary spanning 2001-2018. No direct connection to Epstein is evident from the excerpt.

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🔑 Evidence Keywords

📋 Key Excerpts3

PersonKeyword
Excerpt 1
> BLT Deutsche Bank 32 SGS - Tom **Sykes**, BUY, close CHF2579, CHF2620 tgt, 2% upside SGS is a long term outperformer.
Excerpt 2
commodities related commentary on capex -10% -0.5 -20% and opex spend & bolt-on acquisition spend -1.0 -30% Related DB Research: -1.5 -40% SGS: Store of value (**Sykes**
Excerpt 3
) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Business Services 2018 outlook: Relative outperformers for 2018 (**Sykes**

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