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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA02359644: Holder and Tokyo (DS11)

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This document is a Deutsche Bank analyst report regarding Applied Materials (AMAT) stock, referencing a Tokyo deal as a possible catalyst for earnings revision and stock price re-rating. The report includes a DB target price of $30 and discusses potential catalysts for stock movement, though the connection to the case is unclear.

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Excerpt 1
ger.gm.cib.intranet.db.com/ger/document/pdf/0900b8c088f08cc8.pdf> 1 EFTA_R1_01348938 EFTA02359644 DB Analyst: Stephen Laws Applied Materials (AMAT) Why: If the **Tokyo**
Excerpt 2
Possible Catalyst: Closing of **Tokyo** deal would lead to EPS being revised higher and re-rating of the stock price DB Target: $30 Last note: https://ger.gm.cib.intranet.db.com
Excerpt 3
Possible Catalyst: Unclear but could be a sale, split or just multiple re-rating if they can start to grow again, smart activist is top **holder** DB Target

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