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na (buy), MS cuts RSH & upgrades NOV, Wells downgrades EW Key Research: JPM initiates FDO (ow) & DG (neut) & downgrades CVC & upgrades CP/AAP/MDC, Piper downgrades RSTI & upgrades WBC Key Research: CS initiates CHK (neut) & NBL (op) & cuts ATK, Bofa upgrades DNDN, Roth downgrades FCAL, Janney upgrad
Next Week Monday: Credit Suisse Energy Summit (Vail), Earnings (HAS, HUM, SYY, YUM) Tuesday: Colorado, Minnesota, and Missouri primaries/caucuses, Consumer Credit, Treasury to sell $32B of 3yr notes, Cowen Aerospace/Defense Conference (NYC), Earnings (BDX, KO, CBG, DIS, HIG, WU) Wednesday: MBA Mortgage Appli
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
aries/block-trades after the bell last night in the US: HTZ, CPN, GNRC, VNTV, CFX, FSP. SPA's +1 handle = 1614.20 last. anDISCA, DTV, TAP pre-open, Consumer Credit @ 3pm, SALT Conference begins in Las Vegas (link) '•• "*BMC, CA, CHRW, DIS, DVA, EA, MCK, MDLZ, MRO, SYMC, TRIP, WFM, WMB, Z #'s post close*" • Fi
Research: • Cowen initiates AMAT/ASMUBRCM/IMOSTTER (op's) & INTC/KLAC/LRCX/SNDK/TN (neut's) ••• GS reinstates AXLUPPG (neut's), ISI upgrades LIFE, Piper assumes VCLK (neut), Bofa upgrades ZNGA (buy) EFTA00396307 ••• Lazard initiates RPRX/NBIXNNDA (buy's), Mizuho upgrades APKT, Opco upgrades CFR & c
O, TWX, ALL, PRU, V) Thursday: Jan Chain Store Sales, BoE interest rate decision, Spanish bond auction, EU Leaders 2-day Summit begins (Brussels), Consumer Credit, Non-Farm Productivity & Unit Labor Costs, BMO Infrastructure & Utilities Conference (Toronto), Earnings (CCE, HOT, IFF, LAZ, S, PM, ATVI, HAS, RSG)
Entities connected to both Piper and Consumer Credit

Lesley Groff
PERSONIke Groff
PERSON
Barack Obama
PERSON
Barron
PERSONBaird
PERSON
Bloomberg L.P.
ORGANIZATIONBarcap
ORGANIZATIONJefferies
ORGANIZATION
Angela Merkel
PERSON
Draghi
PERSON
François Hollande
PERSON
Bernanke
PERSON
Finland
LOCATIONUtilities
ORGANIZATION
Horizon
ORGANIZATION
Wells
ORGANIZATIONJanney
PERSON
Stanford University
LOCATION
Toronto
LOCATION
Moody's
ORGANIZATION