The Analyst Transparency Report contains a summary of information, including the ratings, estimated fair value ranges and earnings per share estimates, that appeared in equity research reports on covered companies prepared and distributed in the US by UBS Wealth Management Research during the quarter ended December 2007. For purposes of this report, a covered company is generally defined as any US company or non-US company for which the US is the principal equity trading market.
Analyst Transparency Report (Fourth Quarter 2007)