Epstein Secrets

n up over the last 2 weeks. Secondaries (announced/priced): MDW, ROSG IPO's: N/A Key Research: Stifel assumes RTN (buy) & GD/LMT/NOC/LLL (holds), Cantor initiates ZMH/SYK (holds) Key Research: Piper downgrades VCLK & initiates TITN (ow), Canaccord initiates MM (buy), Jefferies downgrades PEG Key R

is may be a case of buying protection after a 5% run up over the last 2 weeks. Secondaries (announced/priced): MDW, ROSG IPO's: N/A Key Research: Stifel assumes RTN (buy) & GD/LMT/NOC/LLL (holds), Cantor initiates ZMH/SYK (holds) Key Research: Piper downgrades VCLK & initiates TITN (ow), Canaccord i

old) & FINL Key Research: OKE (ow) Key Research: XYL (neut) Key Research: PFCB Jeff downgrades UPL/AIMC/ARTC, Key Baird downgrades MXWL/DELL, Cantor (buy) HSCB downgrades BG, Raja initiates downgrades ITRI, CS downgrades STO initiates MSPD (buy), DB initiates FL JEF (mp), JPM downgrades OVTI

JPM downgrades OVTI & initiates MS downgrades MHS & initiates PRGO (ow), Citi downgrades HSP/ACOR & initiates MEM cuts NVR/LEN/DHI and JBH (sell), Stifel upgrades CHK (buy), REC upgrades Reporting Pre-Open: CPB, HNZ, VTR, AGP, LSE, NRF, POL, PPC, RAIL, SFL, VTR, ZINC Reporting Post-Close: N/A Econo

tifel initiates TRN/GBX (buys) & ARII/RAIL (hold) & downgrades ADTN, BMO initiates AMZN (mp) Key Research: Raja downgrades AGP, Wells upgrades DIS, Cantor initiates BRKR (buy), Bern Barcap initiates PVR/FMX (ow's) & KOF (ew)& downgrades LXK & upgrades AMCX JPM initiates Y (neut) & upgrades CVX, Citi u

PRGO Key Research: cuts HRL (sell) Key Research: ISI initiates CVS/MCK/ABC (ow) & CAH/ESRX (mw) & WAG (uw), Mizuho downgrades ADTN Key Research: Stifel initiates TRN/GBX (buys) & ARII/RAIL (hold) & downgrades ADTN, BMO initiates AMZN (mp) Key Research: Raja downgrades AGP, Wells upgrades DIS, Canto

dings (FRSH) launches IPO (anticipated pricing May 1) US Key Research: • Barcap downgrades QEP, Brean initiates FSLR/SPWR (buy) & SUNE (hold) ••• Cantor upgrades NFLX (buy), Citi upgrades SRPT, CS upgrades FB ••• GS initiates HIVEJTVVOU (buy) & upgrades SMLP/NCLH (buy), Imperial initiates VRNS (op)

ies assumes NKTR/PCRX/SHPG/SLXP/TEVANRX (buy) & AGN/SGNT/SUPN (hold) ••• KBW upgrades LION, Raja initiates ERIC (mp), Roth initiates GSVC (buy) ••• Stifel initiates EVDY (buy), Citi upgrades AZN (buy), Piper assumes RKUS (ow) EFTA00370850 • Stifel cuts CWH (sell), Raja upgrades MAIN/RUTH and GRGI (st

GR/SHP LN/GSK LN/PGHN SW, Barcap downgrades ALV GRIHNR1 GR/MUV2 GR/PHNX LN & upgrades UNI IM • Berenberg initiates REE SM (buy) and ENG SM (hold), Cantor initiates ADN LN/ASHM LN/SDR LN/ARP LN (buy) and HGG LN (hold) ▪ Commerzbank upgrades HENS GR/OR FP (buy), CS downgrades MPI LN/EXPN LN/MPI FP & up

S (op) • Opco initiates NXPI (op) & upgrades AEO & downgrades APTO/SVU, Roth initiates NDRM/JYNT (buy) • RBC initiates FGEN (op) & downgrades CBST, Stifel initiates FGEN (buy) and COG/APC/NFX/NBL (hold) • Wedbush initiates CSCO (op) and JNPR (neut), Lonbow downgrades LPX & upgrades LECO (buy) Europe K