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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
-still-doesnt-8037040.html> Key Events This Week Wednesday: Empire Manufacturing, CPI, Earnings (ANF, DE, SPLS, TGT, A, CSCO, LTD, NTAP) Thursday: Housing Starts & Building Permits, Earnings (DLTR, GME, ROST, SHLD, GPS, MRVL) Friday: Options Expiry, U. of Michigan Confidence, Leading Indicators, Earnings (SJM) Key Events on th
Evercore upgrades NVDA JPM downgrades RDC & upgrades ESV and COF (buy) & downgrades Euro Mining Opco initiates YUM (op), Wunderlich downgrade CFR, Piper upgrades DWA UBS downgrades DSV DC & initiates EPAM (buy) & upgrades NUE/STLD (buy's) Enskilda downgrades HMB SS, HSBC downgrades AIXA GY/VIP, Exan
ord-high-in-next-decade.html> Key Events This Week Tuesday: 614.4 billion in Greek Government bonds mature, Italy's Monti meets with labor unions, Housing Starts & Building Permits, Bernanke speaks at GW University, Paul Ryan to unveil Republican budget proposal, Illinois primary, Earnings (TIF, JEF, JBL, ORCL, SAI) Wednesday:
d/priced): NRG Yield (NYLD) 19.6M class A share IPO priced at $22 US Key Research: ••• William Blair initiates CIEN/INFN (op's) & JDSU/FNSR (mp's), Piper cuts HOLX ••• RBC initiates FIG (op), Susq initiates NOW (positive) & WDAY/DATA (neutral) ••• DB cuts JNJ/TWTC/JMI/ANH & initiates BXMT (buy), Ever
, CYS, EPB, EWBC, GHL, HNI, JAKK, KMP, KMR, LHO, PCBK, PLXS, PTP, RLI, SCSS, STLD, UFPI, UMPQ, ZHNE Economic Data: MBA Mortgage Applications @ 7am, Housing Starts & Building Permits @ 8:30am, Beige Book @ 2pm Treasury auction in 10yr TIPS @ 1pm ($15B) Fed Speakers: Bernanke delivers semi-annual testimony to HFSC @ 10am (DC), St
Entities connected to both Piper and Housing Starts & Building Permits

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATION
Barron
PERSONBarcap
ORGANIZATIONJefferies
ORGANIZATION
Michael Jackson
PERSON
David Cameron
PERSON
Bernanke
PERSON
Samantha Power
PERSONStifel
ORGANIZATIONCanaccord
ORGANIZATION
Horizon
ORGANIZATIONJanney
PERSON
Wells
ORGANIZATION
William Barr
PERSONNew Home Sales
ORGANIZATIONBerenberg
ORGANIZATIONUS Key Research
ORGANIZATION
Philadelphia Fed
ORGANIZATION