Consensus Report

Sell-Side Analysts

To the best of our knowledge, the following sell-side analysts cover DWS via written research on a regular basis:  
Broker Lead Analyst
1   AlphaValue Dieter Hein
2   Autonomous Stuart Graham
3   Bankhaus Lampe  Neil Smith
4   Bank of America Merrill Lynch Hubert Lam
5   Barclays 

Michael Sanderson

6   Citi 

Haley Tam

7   Commerzbank

Christoph Bliefert

8   Credit Suisse

Jon Peace

9   DZ Bank

Christian Koch

10   Exane BNP Paribas 

Arnaud Giblat

11   HSBC

Alevizos Alevizakos

12   Independent Research

Markus Rießelmann

13   ING

Albert Ploegh

14   J.P. Morgan

Gurjit S Kambo

15   Kepler Cheuvreux Jacques-Henri Gaulard
16   MainFirst

Zohair Motiwala

17   Morgan Stanley

Anil Sharma

18   Nordea

Ermin Keric

19   Oddo BHF

Jean Sassus

20   Pareto Securities AS

Philipp Häßler

21   Santander

Aurelia Faure

22   UBS

Michael Werner

Note: This list may not be complete and may change from time to time. We update the list periodically, but undertake no obligation to do so. Any opinions, estimates or forecasts made by these analysts DWS's performance are not opinions, forecasts or predictions of DWS or its management. By providing the list above, DWS does not imply its endorsement of or concurrence with such information, conclusions or recommendations. Copies of reports by any of the listed analysts must be obtained directly from the analysts or their firms. DWS does not distribute such reports.

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