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Epstein United Tech UTX UTX US Ronald J. Epstein NEUTRAL BWX Technologies, Inc. BWXT BWXT US Ronald J. Epst
is underestimating ’17 EPS upside potential from Energy recovery given the segment’s close correlation to
L NO Hamish Clegg Statoil STO STO US Hamish Clegg NEUTRAL BP plc BP BP US Christopher Kuplent BP ple BPAQF
money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
-- PAGE BREAK --- Japanese equities Preference: neutral Topix (24 Oct): 743 (last publication: 743) UBS
Consumer Staples and Healthcare. We also like the Energy sector. e We are negative on Industrials and Con
Entities connected to both Neural and Entergy

Donald Trump
PERSON
Michael Bloomberg
PERSON
Marc Rich
PERSON
United Kingdom
LOCATION
Bank of America
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONILynch
ORGANIZATION
Frankfurt
LOCATION
United States
LOCATION
Bank of America Corporation
ORGANIZATION
Merrill Lynch
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerchant Bank
ORGANIZATIONthe Financial Supervisory Service
ORGANIZATIONthe Australian Securities and Investments Commission
ORGANIZATION
Bank of America, N.A.
ORGANIZATIONUtilities
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONMerrill Lynch Securities (Taiwan) Ltd.
ORGANIZATION