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on, using Rockwell Collins, Raytheon, Northrop Grumman, Ultra, and the EU Civil Aerospace peer group as peers for the Aerospace/defence segments, and Ansaldo STAS as a peer for the transport business. At €87 Thales would trade on 18.1x 2017E P/E and 12.3x EV/EBITA which we think is appropriate given balance s
Page: HOUSE_OVERSIGHT_016191 →Pierce, Fenner & Smith Incorporated
Organization
Merrill Lynch Global Wealth Management
OrganizationInvestment management and financial planning service

Merrill Lynch
OrganizationAmerican investing and wealth management division of Bank of America
The Financial Service Board
OrganizationMerrill Lynch International
OrganizationMerrill Lynch Equities (Australia) Limited
Organizationthe Australian Securities and Investments Commission
Organizationthe Hong Kong Securities and Futures Commission
OrganizationMerrill Lynch Canada Inc
Organizationthe Investment Industry Regulatory Organization of Canada
OrganizationMerrill Lynch Argentina SA
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the Financial Services Agency
Organizationthe Securities and Futures Bureau
OrganizationDSP Merrill Lynch Limited
Organizationthe Securities and Exchange Board of India
Organizationthe Dubai Financial Services Authority
OrganizationComisién Nacional del Mercado De Valores
OrganizationBank of America Merrill Lynch Banco Multiplo S.A.
OrganizationComissdo de Valores Mobiliarios
OrganizationMerrill Lynch KSA Company
Organization