Updating Ests. & PT Post-Q2 Results

Research evidence excerpt

Updating Ests. & PT Post-Q2 Results

July 24, 2026

Evercore ISI does not provide individually tailored investment advice in research reports. The financial instruments discussed in this report are not

suitable for all investors and investors must make their own investment decisions using their own independent advisors as they believe necessary

and based upon their specific financial situations and investment objectives. This report has been prepared without regard to the particular

investment strategies or financial, tax or other personal circumstances of the recipient. Nothing in this report constitutes investment, legal,

accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to the recipient’s individual circumstances,

or otherwise constitutes a personal recommendation to the recipient. None of Evercore Group or its affiliates will treat any recipient of this report

as its customer by virtue of the recipient having received this report.

Securities and other financial instruments discussed in this report, or recommended or offered by Evercore ISI, are not insured by the Federal

Deposit Insurance Corporation and are not deposits of or other obligations of any insured depository institution. If a financial instrument is

denominated in a currency other than an investor’s currency, a change in exchange rates may adversely affect the price or value of, or the

income derived from the financial instrument, and such investor effectively assumes such currency risk. In addition, income from an investment

may fluctuate and the price or value of financial instruments described in this report, either directly or indirectly, may rise or fall. Estimates of

future performance are based on assumptions that may not be realized.