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s®, | Lynch clients and may not be redistributed, Lynch Global Research reports are distributed horized use or disclosur
retionary Telecom Staples Industrials Health Care Energy Materials Info Tech Real Estate Source: BofAML U
.com/cci. ments linked to securities that may ha Lynch Global Researc es and financial instruments discussed in this re
is underestimating ’17 EPS upside potential from Energy recovery given the segment’s close correlation to
®, | Lynch clients and may not be redistributed, Lynch Global Research reports are distributed horized use or disclosure
money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
up 6.75% on the back of a strong seasonal rally errill Lynch Global Research. Prices reflective of most recently available dat
money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
Entities connected to both BofA Merrill Lynch Global Credit Research and Entergy

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