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• 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
salvation pact" deadline between 3 top political parties Key Events on the Horizon July 31 - FOMC rate decision August 1 — BOE/ECB rate decisions (Mark Camey to present review of forward guidance) August 21 — Fed Minutes from July30/31 FOMC meeting August 22-24 — Jackson Hole Annual Economic Policy Sympo
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
fter 6pm EST June 21 — Updates to the lists of adds/deletes for the Russell Rebalance June 28 — Russell Rebalance on the close of trading July 1 — Mark Camey takes over as BOE Governor September — German elections Ike Groff 1680 Washington Blvd 'Stamford, CT 069011 It ,Description: Descrintion: I@ Th
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
salvation pact" deadline between 3 top political parties Key Events on the Horizon July 31 — FOMC rate decision August 1 — BOE/ECB rate decisions (Mark Camey to present review of forward guidance) August 21 — Fed Minutes from July30/31 FOMC meeting August 22-24 — Jackson Hole Annual Economic Policy Sympo
, 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 •
fter 6pm EST June 21 — Updates to the lists of adds/deletes for the Russell Rebalance June 28 — Russell Rebalance on the close of trading July 1 — Mark Camey takes over as BOE Governor September — German elections Ike Groff 1680 Washington Blvd I Stamford, CT 069011 in EFTA00390707 ,Description: Desc
Entities connected to both Piper and Mark Camey

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATION
Barack Obama
PERSON
Barron
PERSONBaird
PERSON
Ghislaine Maxwell
PERSONBarcap
ORGANIZATION
David Cameron
PERSONJefferies
ORGANIZATION
Samantha Power
PERSON
Michael Jackson
PERSON
Stanford University
LOCATIONNomura
ORGANIZATION
Las Vegas
LOCATION
Bernanke
PERSONStifel
ORGANIZATION
Angela Merkel
PERSONUS Key Research
ORGANIZATIONCanaccord
ORGANIZATION