Distribution of Research Recommendations Published During the Last Quarter

All Coverage Corporate Relationship
Buy Recommendations 78.8 46.1 (% of all Buy recommendations during the quarter)
Hold Recommendations 17.2 1.7 (% of all Hold recommendations during the quarter)
Sell Recommendations 4.0 0.0 (% of all Sell recommendations during the quarter)

All recommendations

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London
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London

Ropemaker Place, Level 12 25 Ropemaker Street London EC2Y 9LY

New York

20th Floor 575 Fifth Avenue New York NY 10017