AEROSPACE & DEFENSEn1 Ronald Epstein Bank of American2 Douglas Harned Sanford C. Bernsteinn3 Joseph Nadol JPMorgan Chaseu Heidi Wood Morgan Stanley

AUTOMOBILES & COMPONENTSn1 Rod Lache Deutsche Bank BEST CALL JOHNSON CONTROLSn2 Ryan Brinkman JPMorgan Chasen3 Adam Jonas and Ravi Shanker Morgan Stanley

BANKS/LARGE CAPn1 Betsy Graseck and Ken Zerbe Morgan Stanleyu Richard Ramsden Goldman Sachsn3 Matthew O’Connor Deutsche Bank

BANKS/REGIONALn1 Steven Alexopolous JPMorgan Chasen2 Jefferson Harralson KBW

BIOTECHNOLOGYn1 Simos Simeonidis Cowen & Co.n2 Mark Schoenebaum ISI Groupn3 Howard Liang Leerink Swann BROKERAGE & ASSET MANAGEMENTn1 Kenneth Worthington JPMorgan Chase BEST CALL JANUS CAPITALn2 Howard Chen and Craig Siegenthaler Credit Suisseu Betsy Graseck & Matthew Kelley Morgan Stanley CHEMICALSn1 P.J. Juvekar Citigroupu Robert Koort Goldman Sachsn3 Jeffrey Zekauskas JPMorgan Chase COMMERCIAL & CONSUMERSERVICESn1 Andrew Steinerman JPMorgan Chasen2 Kelly Flynn Credit Suisse FINANCE/CONSUMER & SPECIALTYn1 Donald Fandetti Citigroupn2 Moshe Orenbuch Credit Suisseu Sanjay Sakhrani KBW FOODn1 Andrew Lazar Barclays Capital BEST CALL KRAFT FOODSn2 David Driscoll Citigroup u Eric Katzman Deutsche Bank

THE TOP U.S. ANALYSTS ALMOST 1,000 REPRESENTATIVES OF 216 BUY-SIDE FIRMS WERE ASKED BY GREENWICH ASSOCIATES TO NAME THE BANK AND BROKERAGE FIRMS THEY TURN TO THE MOST IN COVERING THEIR PRIMARY INDUSTRIES. ON THESE PAGES ARE THE HIGHEST-RANKED RESEARCHERS IN 35 CATEGORIES.

A M E R I CA’S B EST STO C K A N A LYSTS

SPECIALREPORT

EQUITIES

LACHE’S BEST CALL

JOHNSON CONTROLS

$50

0

WORTHINGTON’S BEST CALL

JANUS CAPITAL

$20

0

LAZAR’S BEST CALL

KRAFT FOODS

$40

20

1/1/09

3/2/09 6/11/12

6/11/12

6/11/125/1/09

Buy Sell Hold

HEALTH CARE/EQUIPMENT & SUPPLIESn1 Michael Weinstein JPMorgan Chasen2 Robert Hopkins Bank of America HEALTH CARE/MANAGED CAREn1 Justin Lake JPMorgan Chasen2 Steven Valiquette UBS HEALTH CARE/SERVICES n1 Robert Willoughby Bank of American2 Lisa Gill JPMorgan Chase INSURANCE/LIFE & HEALTH n1 Jimmy Bhullar JPMorgan Chase BEST CALL TORCHMARKu Thomas Gallagher Credit Suissen3 Edward Spehar Bank of America INSURANCE/PROPERTY &CASUALTY n1 Brenna Sullivan Dowling & Partnersn2 Jay Cohen Bank of America n3 Brian Meredith UBS MACHINERYn1 David Raso ISI Group BEST CALL DEERE

n2 Andrew Obin Bank of American3 Ann Duignan JPMorgan Chase

METALS & MINING n1 Timna Tanners Bank of American2 Jorge Beristain Deutsche Banku Michael Gambardella JPMorgan Chase

MULTI-INDUSTRY AND ELECTRICALEQUIPMENTn1 Steven Winoker Sanford C. Bernstein BEST CALL GENERAL ELECTRIC n2 Stephen Tusa JPMorgan Chasen3 Nigel Coe Morgan Stanley

OIL & GAS/EQUIPMENT &SERVICES n1 James Crandell Dahlman Rose Ole Slorer Morgan Stanleyn2 Bill Herbert Simmons & Co Michael Urban Deutsche Banku James C. West Barclays Capital

OIL & GAS/EXPLORATION &PRODUCTIONn1 Thomas Driscoll and Jeffrey Robertson Barclays Capitalu William Featherston UBS OIL & GAS/INTEGRATED n1 Paul Sankey Deutsche Banku Edward Westlake Credit Suissen3 Doug Leggate Bank of America PHARMACEUTICALSn1 Chris Schott JPMorgan Chase BEST CALL PFIZERn2 David Risinger Morgan Stanleyn3 Jami Rubin Goldman Sachs QUANTITATIVEANALYSISn1 Michael L. Goldstein Empirical Research Partnersu Yin Luo Deutsche Banku Savita Subramanian Bank of Americau Vadim Zlotnikov and Ann Larson Sanford C. Bernstein

6/11/12

BHULLAR’S BEST CALL

TORCHMARK

$50

101/1/09

6/11/12

WINOKER’S BEST CALL

GENERAL ELECTRIC

$25

1011/2/09

6/11/12

SCHOTT’S BEST CALL

PFIZER

$25

1010/1/09

6/11/12

RASO’S BEST CALL

DEERE

$100

2012/10/08

REAL ESTATEINVESTMENT TRUSTSn1 Michael Bilerman Citigroupn2 Steve Sakwa ISI Groupn3 Mike Kirby Green Street Advisors

RESTAURANTSn1 John Glass Morgan Stanleyn2 John Ivankoe JPMorgan Chasen3 Joseph Buckley Bank of America RETAILING/HOME IMPROVEMENT &SPECIALTY STORESn1 Christopher Horvers BEST CALL DICK’S SPORTING GOODS JPMorgan Chasen2 Gary Balter Credit Suisse RETAILING/MULTILINE n1 Michael Exstein Credit Suisse BEST CALL MACY’Sn2 Charles Grom Deutsche Banku Adrianne Shapira and Matthew Fassler Goldman Sachsu Deborah Weinswig Citigroup RETAILING/APPARELn1 Kimberly Greenberger and Michelle Clark Morgan Stanleyu Brian Tunick JPMorgan Chasen3 Stacy Pak (LEFT FIRM) Barclays Capital

u Michelle Tan (LEFT FIRM) Goldman Sachs

SEMICONDUCTORSn1 James Covello and James Schneider Goldman Sachs u John Pitzer Credit Suisse BEST CALL INTELn3 Christopher Danely JPMorgan Chase

TECHNOLOGY/APPLICATION &SYSTEMS SOFTWAREn1 Adam Holt Morgan Stanleyn2 John DiFucci JPMorgan Chasen3 Brendan Barnicle and Brent Bracelin Pacific Crest Securitiesu Kash Rangan Bank of America

u Philip Winslow Credit Suisse

TECHNOLOGY/COMPUTER HARDWARE, STORAGE &PERIPHERALS n1 Katy Huberty

Morgan Stanleyu Toni Sacconaghi Sanford C. Bernsteinn3 Mark Moskowitz JPMorgan Chase TECHNOLOGY/IT SERVICESn1 Rod Bourgeois Sanford C. Bernstein BEST CALL ACCENTUREn2 Tien-tsin Huang JPMorgan Chasen3 Ashwin Shirvaikar Citigroup TELECOMMUNICATIONS SERVICESn1 Craig Moffett Sanford C. Bernsteinn2 David Barden Bank of Americau Philip Cusick JPMorgan Chaseu Simon Flannery Morgan Stanley TRANSPORTATION/FREIGHT (ROAD & RAIL)n1 William Greene Morgan Stanleyu Scott Group Wolfe Trahanu Thomas R. Wadewitz JPMorgan Chase UTILITIES/ELECTRICn1 Steve Fleishman Bank of American2 Daniel Ford Barclays Capitaln3 Daniel Eggers Credit Suisse

A M E R I CA’S B EST STO C K A N A LYSTS

SPECIALREPORT

EQUITIES

PITZER’S BEST CALL

INTEL

$30

20

101/2/09

HORVERS’S BEST CALL

DICK’S SPORTING GOODS

$60

101/1/09

EXSTEIN’S BEST CALL

MACY’S

$50

201/1/11

BOURGEOIS’S BEST CALL

ACCENTURE

$70

201/2/09

6/11/12

6/11/12

6/11/12

6/11/12