Epstein Secrets

hter budget Leading European Sectors: Healthcare +0.47`1/0, Food/Bev +0.22%, Media +0.01% Lagging European Sectors: Insurance -1.74%, Banks -1.72%, Utilities -1.08% VZ expects lower 2012 capex — ACIW reaffirms forecast — BRKS guides down CBOU penny better — BXP 18% dividend increase — EGOV penny light D

and $0.25. Secondaries (announced/priced): ARRY, PSLV, PVR, LMI LN (rights), PRGX, LGCY, TUMI, PAA IPO's: N/A Key Research: Janney downgrades DIS, Barcap upgrades HFC & downgrades CTXS, Jeff upgrades MNT/MOH Key Research: Nomura upgrades MMM, Raja initiates ABMD (mp) & upgrades CCOI, Piper cuts MDRX

China 7-day repurchase rate +98 bps yesterday (gauge of funding availability in the system) Leading European Sectors: Telco +0.88%, Banks +0.56%, Utilities +0.52% Lagging European Sectors: Chemicals -1.74%, Oil & Gas -1.47%, Basic Res -1.26% CPWM Gabelli 13D - R guides lower - ABTL reverse 1-for-5 spli

TNAV cfo resigns - GTAT increases facility - BMTI study meets goal Secondaries (announced/priced): CNDO, CNCO, HIS, AEC IPO's: N/A Key Research: Barcap downgrades CIM, Imperial initiates TPC (op), Nomura initiates FB (buy), Piper upgrades TFM Key Research: Canaccord initiates SWKS (buy) & TQNT/RFMD

00370757 Leading European Sectors: Banks +1.26%, Basic Res +1.18%, Chemicals +1.09% Lagging European Sectors: Food/Bev -0.18%, Autos/Parts -0.05%, Utilities +0.04% RJF eps missed — ALGN view trailed — SYK eps missed TSCO revs missed — ANGI rev view topped — LSI revs below RHI eps beat — GHL revs missed

s ML FP/CA FP/CO FP ••• ING downgrades ARCAD NA, JPM upgrades TKAAV/NCSP LN & downgrades AFLT RU ••• Natixis upgrades MTU FP/ALO FP & cuts NOVN SW, Barcap upgrades DANSKE DC ••• Nomura downgrades ERICB SS, Nordea cuts LUPE SS & upgrades OPERA NO/NETB SS EFTA00370758 ••• Kepler upgrades LNZ AV (buy),

s (7312 JP) Stocker to step down as President after airbag recalls (effective today) Leading European Sectors: Oil & Gas +0.28%, Real Estate +0.24%, Utilities +0.13% Lagging European Sectors: Basic Res -0.68%, Chemicals -0.10%, Media -0.08% CAMP outlook below — CALM eps trailed — NCLH sees eps cut 5c from

K) files for 15.75M shares IPO through Chardan Capital and Maxim Group, Black Knight Financial Services (BKFS) files $100M IPO US Key Research: .' Barcap initiates VA (ow), DB initiates VA (buy), MLB initiates EFC (hold) & HALO (buy) ••• Ladenberg downgrades MMM, Wells initiates ACAT (mp) Europe Key

xtended to 5th qtr Leading European Sectors: Autos/Parts +0.64%, Real Estate +0.13%, Telco -0.12% Lagging European Sectors: Basic Resources -1.35%, Utilities -1.07%, Healthcare -0.73%, Fin Services -0.63% CYTK successful drug trial - ZQK revs up - CASC profit almost triples ELRC ups dividend - SAP priva

downgrades ALL & raises target VRUS Key Research: ISI Group initiates BMY (hold), Wedbush initiates CERS (op), Wells downgrades FRO Key Research: Barcap upgrades ARUN, Piper upgrades ZQK, Janney upgrades NWY, CS downgrades FDO Key Research: Jeff initiates FINL/SGNT/NKE (buy) & CSCO/VFC (hold), Merri

as protesters ready to shut down the capital (Time) Leading European Sectors: Banks +0.56%, Tech +0.48%, Trav/Les +0.47% Lagging European Sectors: Utilities -1.01%, Food/Bev -0.56%, Oil & Gas -0.54% AN CFO leaving — MIDD buys Market Forge — SPRT guides up FSFR raised dividend — LAND declares div — TISI

CDR, RSE, KGX GY IPO's: City Office REIT (OFFC) files for $115M IPO through Janney and Wunderlich US Key Research: Bofa upgrades IART & cuts TCS, Barcap cuts HUMIMGLN, Berenberg cuts VECO • BMO downgrades LLY, BTIG initiates BSX/ELGX/STJ (buy) & MDT (neut) ••• Compass point downgrades KFN, CRT initi

756 yuan) Leading European Sectors: Trav/Les +1.47%, Banks +0.90%, Real Estate +0.89% Lagging European Sectors: Oil & Gas -0.54%, Chemicals -0.23%, Utilities -0.16% SWY raises div — MFLR merger agreement — WAB stock split div raise Secondaries (announced/priced): THC, CVRR, RH, RMTI, ACAD, SPF, AINV, FLT

(BLUE) files $86.3M through JP Morgan and Bofa, Esperion Therapeutics (ESPR) files for $70M through Credit Suisse and Citigroup US Key Research: • Barcap assumes NYX/AMTD (ew's) & JNS/WDR/ETFC/SCHW (uw's) & reinstates FXCM (ow) • Citi upgrades GPS (buy), GS reinstates SWY (sell) & downgrades GLNG (sel

m, imports -6% m/m) • Indonesia's 4q GDP +6.11°A, y/y vs est of +6.2% (seeks 2013 GDP growth of 6.5%-6.8%) Leading European Sectors: Banks +1.09%, Utilities +0.98%, Healthcare +0.94% Lagging European Sectors: Telco -0.63%, Autos/Parts -0.61%, Tech -0.40% HOLX guides lower — TMK cuts top end — SWY names

K (neut), Bofa upgrades ZNGA (buy) EFTA00396307 ••• Lazard initiates RPRX/NBIXNNDA (buy's), Mizuho upgrades APKT, Opco upgrades CFR & cuts ASBC • Barcap upgrades AWI/DHI & cuts RYUKBH/PHM/RLGY/TOL & initiates HCP/VTR (ew) & HCN (ow) ••• Nomura downgrades CIT, Wedbush initiates DENN (op), Opco cuts AS