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upgrades ARE/BXP/DRE & downgrades BDN/PDM, Wunderlich upgrades SPWRA Key Research: DB upgrades BIIB (buy), KBW downgrades PNC & initiates WY (op), Piper upgrades WSO Key Research: JPM initiates CRM (neutral), CRT initiates WYNN (fairly valued), UBS upgrades PLD (buy) Key Research: Edward Jones dow
x, Wells Healthcare Conference (Boston), Earnings (FDX, KMX, BBBY, PAYX, RHT) Thursday: EU Leaders Summit (23rd-24th), BOE minutes, New Home Sales, Chicago Fed, Earnings (CAG, DFS, LEN, MKC, HRB, ORCL) Friday: Russell Rebalance, GDP, Durable Orders, Michigan Confidence, BOE to release minutes of Financial
uarie initiates MMI (op), Stifel initiates JPM (hold) & downgrades ARO, Wells downgrades KNX Key Research: Citadel upgrades UTHR & downgrades SVNT, Piper assumes AHII (ow) & TOMO (neutral) Key Research: Piper initiates LH/MWIV/INMD (ow's) & DVA/AMSG/WOOF/DGX (neuts) & PETS (uw), UBS downgrades PDCO
French authorities -- La Tribune Altadis to cut prices to match move by Philip Morris earlier this week - Cinco Dias Key Events Next Week Monday: Chicago Fed Index, Janney Consumer Conference (Boston), Earnings (CPB, SOLR) Tuesday: New Home Sales, Richmond Fed Manufacturing Index, MS Cloud Computing Sympo
s (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 (holds), Telsey initiates ADS/DFS/COF/AXP/V/MA Key Research: GS adds VOW GR
iPad on notebook market decreasing, say Taiwan ODMs DigiTimes< Key Events Next Week Monday: Supreme Court ruling on ObamaCare expected this week, Chicago Fed Index, Dallas Fed Manufacturing, New Home Sales, GHS 100 Energy Conference (SF), Earnings (APOL) Tuesday: III/CaseShiller Home Price Index, Richmon
initiates CHS/KORS/ANF/GPS/URBN (op) & ANN/JWN/KSS/LULU/M/RUE/TJX/TIF/AEO (mp) & JCP (up) ;••• William Blair initiates CMRX (op), Opco upgrades APO, Piper initiates OMTH (ow), JPM downgrades RBS ;••• JMP downgrades IRF, Wells initiates WAC (mp) Europe Key Research: ••• JP upgrade VK FP, initiate ESUR
A, CVC, DF, PCP, WIN, XRAY, CFN, NVDA) EFTA00390878 Friday: Treasury Budget Statement, G8 Fin Min / central bank meeting (UK), Bernanke speaks at Chicago Fed conference, Earnings (BECN, TRLG, ADEP) Key Events on the Horizon May26/27 — Mayoral elections in 720 cities across Italy June 10-14 —Apple's Wor
, ISIS, DE NA EFTA00390703 IPO's: Armada Hoffler Properties (AHH) 16.5M-shares priced at $11.50 US Key Research: ••• Mizuho upgrades MYGN (buy), Piper initiates CRI/PLCE (CRI), Citi upgrades AME (buy) & cuts IEX • Barcap upgrades BAX, Opco cuts CA/TWTC, Baird downgrades CMA, CLSA downgrades MDLZ •
, CVC, DF, PCP, WIN, XRAY, CFN, NVDA) Friday: Denmark closed, Treasury Budget Statement, G8 Fin Min / central bank meeting (UK), Bemanke speaks at Chicago Fed conference, Eamings (BECN, TRLG, ADEP) Key Events on the Horizon May26/27 — Mayoral elections in 720 cities across Italy June 10-14 —Apple's World
Entities connected to both Piper and Chicago Fed

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATION
Barron
PERSON
Barack Obama
PERSONBaird
PERSONBarcap
ORGANIZATION
Michigan
LOCATION
David Cameron
PERSONStifel
ORGANIZATION
Angela Merkel
PERSONJefferies
ORGANIZATION
Las Vegas
LOCATIONNomura
ORGANIZATION
Draghi
PERSON
Bernanke
PERSONCanaccord
ORGANIZATION
François Hollande
PERSON
Wells
ORGANIZATION
Cleveland
LOCATION