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esearch: Janney downgrades NWY, CLSA initiates ARW/AVT/TECD (op) & IM (uw) Key Research: UBS initiates PANW (neut) & upgrades MCRO LN and ELN (buy), Piper initiates KYAK (neut) Key Research: DB downgrades SGMS & initiates KYAK (buy), Bofa downgrades VALE, GS cuts DOM LN Key Research: Nomura upgrades
y). SPA's +3 handles = 1405.50 last. ***EL, HD, TJX, DKS, SKS reporting pre-open*** ***PPI & Retail Sales @ 8:30am, Business Inventories @ 10am*** Groupon shares tumble after hours after reporting Q2 revenues that miss estimates (trading -19.8%) Sky Deutschland Q2 beat across the board, strong run rat
ch: Leerink upgrades ALNY, UBS upgrades CCE (buy), CLSA upgrades COP, Auriga upgrades SPWRA (buy) Key Research: RBC downgrades FDX & upgrades FITB, Piper upgrades INAP & initiates VIVO (uw), MS initiates GS (ew) Key Research: Chardan upgrades MON (buy), Barclays downgrades HSP & initiates AYR (ow), U
Above the Gloom NYT<http://www.nytimes.com/2011/09/13/automobiles/autoshow/at-frankfurt-show-german-auto- firms-hope-to-rise-above-the-gloom.html> Groupon Makes Foray Into U.K. E-Commerce Bloomberg<http://www.bloomberg.com/news/2011-09-13/groupon-makes-foray-into-e-commerce- discounts-challenging-amazo
RO/WSH & reiterates MMC/AON (buys), JPM upgrades CLH Key Research: Citi initiates ADS.GR (buy) & upgrades Transports & Household Personal Products, Piper downgrades DGIT Key Research: GS adds ORCL to conviction buy list & downgrades IPI (sell) / DAR & upgrades AGU/MOS/SAFM Key Research: HSBC upgrade
ence-at-two-year-low.html> HP Makes Enterprise Security Push All things Digital<http://allthingsd.com/20110912/hp-makes-enterprise-security-push/> Groupon Grew Its Revenues 13% In August, Gained 2% Market share TechCrunch<http://techcrunch.com/2011/09/11/report-groupon-grew-its-revenues-13-in-august- g
es 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), Merriman initiates IRDM (
ness whatsNews> Times Picks New Editor WSJ<http://online.wsj.com/article/SB10001424052702303657404576361342892480796.html? mod=ITP_marketplace_0> Groupon Plans I.P.O. With $30 Billion Valuation NYT DealBook<http://dealbook.nytimes.com/2011/06/02/groupon-files-to-go-public/?ref=business> The Mistake o
Entities connected to both Piper and Groupon

Lesley Groff
PERSONIke Groff
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Jeffrey Epstein
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Barack Obama
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Bloomberg L.P.
ORGANIZATION
Barron
PERSONBaird
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Michigan
LOCATIONBarcap
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George W. Bush
PERSONNomura
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David Cameron
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Prince Andrew
PERSONJefferies
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Draghi
PERSONCanaccord
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Philadelphia
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United States
LOCATIONDoug Band
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Boris Nikolic
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