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Assumption (MRA) is defined as the one-year local market interest rate plus 5% (a proxy for, and not a forecast of. the equity risk premium). Under Review (UR) Stocks may be flagged as UR by the analyst, indicating that the stock's price target and/or rating are subject to possible change in the near t
ny ono scorce may peal subarea's, deferent results UM«, Kingdom and IM rota of Europa: Exam: at Warms. spoiled heren Ins ,rateral Is commonyeated by UBS Limited a imbialary Or UBS AG. to persons who am effgent Cerantenuartrei a otoreanunal dolly ard is Orly ayartatne 10 Pa persons TM «Varnaten corn-snot here
Assumption (MRA) is defined as the one-year local market interest rate plus 5% (a proxy for, and not a forecast of. the equity risk premium). Under Review (UR) Stocks may be flagged as UR by the analyst, indicating that the stock's price target and/or rating are subject to possible change in the near t
a any Met scurce may mad substarcaly deferent roman UMW' Kingdom and the met of Europa: Exam: as oirermse spenhed herein Ms anima Is commurscaled by UBS Limited a scam:lay Or UBS AG. to persons wen am engtre Cnaltetnatteb a ~conceal Wells are 4 only available 10 Pa persons The «Varnnon contemn herein does no
Assumption (MRA) is defined as the one-year local market interest rate Pus 5% (a proxy for, and not a forecast of, the equity risk premium). Under Review (UR) Stocks may be flagged as UR by the analyst, indicating that the stock's price target and/or rating are subject to possible change in the near t
olostara clients a* is orgy available eo such persons Ile nionnation contained heron door not apply to. and shard nee he rifted upon by. retail cants UBS Limited a adrenal and regulated by the Financial thrices &aunty (ESA. US$ research complies ern at tie ESA recurrent, and laws conberrina thscsothres and t
Entities connected to both Review and UBS Limited

Jeffrey Epstein
PERSON
UBS AG
ORGANIZATIONDoug Band
PERSON
United Kingdom
LOCATIONEuropean Investment Fund
ORGANIZATIONCore Banding Exceptions
ORGANIZATIONGeneral Dynamics Corp.
ORGANIZATIONDarryl Genovesi
PERSONDavid E. Strauss
PERSONthe Valuation and Risk
ORGANIZATIONCessna
ORGANIZATIONUBS Securities LLC
ORGANIZATIONGlobal Equity Research
ORGANIZATION
Textron
ORGANIZATIONUBS Business Jet
ORGANIZATIONEmbraer
ORGANIZATIONTextron Inc.
ORGANIZATIONBombardier Inc.
ORGANIZATION
Europe
LOCATION
General Dynamics
ORGANIZATION