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USD90.00 2. 03/15/2013: Buy, Target Price Change USD50.00 8. 10/17/2014: Buy, Target Price Change USD92.00 3. 05/02/2013: Buy. Target Price Chang* USD54.00 9. 01/28/2015: Buy. Target Price Change USD90.00 4. 07/07/2013: Buy. Target Price Change US065.00 10. 02/20/2015: Buy. Target Price
dividends) between -1O% and 1O% over a 12- month period Sell: Expected total return (including dividends) of -10% or worse over a 12-month period Deutsche Bank Securities Inc. Equity rating dispersion and bard- incl 600 500 400 300 200 100 lanonships Buy Hold Sell MCompanies Covered new. w/ Banking Relationship
10% 0% -10% 20% • 700,000 € • 650.000 600.000 ea 550.000 500,000 x ; ; o N V. W gSgSSISSSS NSA Nonresidential Construction (TM) % Chang, (Y/YI aim Deans S Sloonorp fin& Construction is the largest market for the U.S. steel industry. Looking ahead, trends in nonresidential construc
th for the steel sector in 2018, demand trends appear to be stable, thus supply will likely play a bigger role in the market's performance in 2018. Deutsche Bank Securities Inc. iFigure 14: SAAR Housing Starts 1200 00% 1,200 1,100 1.000 900 8.8.8s8<8s8 sort:. Housing Starts (SAAR) Soon Darn an. Boon ey h LP [Figur
ntrol any other Option Account(s) with Deutsche Bank Securities Inc.? 171 Yes O No If yes, please provide the account number(s): Will Provide List Chang!) Financial Information Approximate Aggregate Annual Malmo of Account Owner(s) from All Sources Sources of Income (Approximate) Approximate Aggre
rokerage Accounts with: JPMorgan Does the individual or entity that controls this account have the power to control any other Option Account(s) with Deutsche Bank Securities Inc.? 171 Yes O No If yes, please provide the account number(s): Will Provide List Chang!) Financial Information Approximate Aggregate Annual Malmo o
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