DY: Increasing Our Price Target To $575; Near-Term Investment For Long-Term Scale

Research evidence excerpt

DY: Increasing Our Price Target To $575; Near-Term Investment For Long-Term Scale

our research as appropriate, but various regulations may prevent

us from doing so. Other than certain industry reports published on a periodic basis, the large majority of reports are published at irregular intervals as

appropriate in the research analyst's judgement. Guggenheim Securities conducts a full-service, integrated investment banking and brokerage business.

Guggenheim Securities is a member of SIPC (http://www.sipc.org). Guggenheim Securities' salespeople, traders, and other professionals may provide oral

or written market commentary or trading strategies to Guggenheim Securities' clients and our employees trading for our own account that reflect opinions

that are contrary to the opinions expressed in this research. Guggenheim and certain of our affiliates conduct an investment management business, trade

for their own accounts, and may make investment decisions that are inconsistent with the recommendations or views expressed in this research.

We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as

principal in, and buy or sell, the securities or derivatives, if any, referred to in this research. We and our affiliates also may sell to or buy from customers on a

principal basis the securities described herein. We and our affiliates also do business with, or that relates to, companies covered in Guggenheim research

and may have a position in the debt of the company or companies discussed herein.

This research is not an offer to sell or the solicitation of an offer to buy any security. It does not constitute a personal recommendation or take into account