Epstein Secrets

• Raja downgrades CTXS, RBC initiates VTG, DB upgrades LNC/MET (buy), Citi initiates HCN (neut) • Wells initiates CHUY (mp) & FRGI (op) & cuts XLNX, Piper cuts ASML, KBW initiates SFST (op) &cuts RNST ••• Citi reinstates PBF (neut), JPM cuts NTRS, Rafferty cuts PNC, MS downgrades SNDK, BB&T cuts WNC E

, SNTI IPO's (filed/priced): UCP (UCP) 7.75M-shares priced at $15 (low-end), OncoMed Pharmaceuticals(OMED) 4.8M shares priced at $17 (above range) US Key Research: Stifel initiates Shippers — STNG/NNA/CPLP/TNP/ANW (buys) & DSX/NMM/CMRE (holds) & SSW (sell) ••• Wedbush initiates UA (op), Bernstein initiates FO

cap reinstates NDAQ (ow), Citi downgrades MOSNHS, DB initiates ADS (buy) ••• Jefferies upgrades ADBE (buy), JPM upgrades BSAC & downgrades RBCN ••• Piper upgrades ARMH, Roth adds DGIT to focus list, Stifel upgrades MLNX (buy) ••• SunTrust initiates APD/PX (buys) & upgrades ADS (buy) & cuts AXLL, GS cu

4M shares priced at $10 (below), Green REIT plc IPO launch (€200M+ thru JPM & Davy, pricing July 12) IPO's (lock-up expires): Tumi Holdings (TUMI) US Key Research: ••• Barcap reinstates NDAQ (ow), Citi downgrades MOSNHS, DB initiates ADS (buy) ••• Jefferies upgrades ADBE (buy), JPM upgrades BSAC & downgrades

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

ing hours in VIX products Secondaries (announced/priced): HTZ (holders), CFX, FSP, VNTV, CPN, GNRC IPO's (lock-up expires): Atossa Genetics (ATOS) US Key Research: EFTA00390875 • Barcap initiates OMTH (ow), DB initiates RALY/ EVTC (buys), GS upgrades ACI & downgrades ANR (sell) • Cowen initiates BLOX/CALX/C

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

even 13% higher Secondaries (announced/priced): VSTM, RLGY, CASM, EOM IPO's (filed/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/

, 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 •

ert), DDD, CIE (holders), APO, BIP, FLT, JMI, REN, 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