Epstein Secrets

Key Research: Key Research: Key Research: Key Research: Key Research: Jeff cuts ADBE, Citi upgrades BBY, Sterne Agee initiates BPOP (neutral), Cantor initiates IMGN (hold), GS upgrades RF (buy), JMP downgrades HGSI, DB upgrades ATI/CEDC (buy's) & downgrades ABB, Raja downgrades SAPE, Lazard initi

From: Ike Groff Subject: Early Tour 6.14.12 Date Thu, 14 Jun 2012 10:12:52 +0000 Good Morning ... European Markets off 50-150 bps (Greece +6.5%) ... Nikkei -0.22%

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

From: Ike Groff <a• Subject: Sony Late Tour 6.26.12 Date: Tue, 26 Jun 2012 12:59:58 +0000 Good Morning European Markets mixed (EuroStoxx 600 +20bps) Nikkei -0.8

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

From: Ike Groff <MI > Subject: Early Tour 2.17.12 Date: Fri, 17 Feb 2012 11:16:05 +0000 Good Morning European Markets up 30-90 bps (Greece +3.5%) Nikkei Closed

des UNA NA Key Research: Barcap downgrades RDSA LN & upgrades BBT, Think initiates IART/TH0R/REGN (buys) & HTWR (sell), MKM cuts MRK Key Research: Cantor initiates CUBE (buy) & SSS (hold) & EXR/PSA (sells), UBS downgrades ALV (sell), RBC cuts KMX/IP Key Research: DB downgrades RBS LN/KFRC & reinstate

From: Ike Groff Subject: Early Tour 2.3.12 Date: Fri, 03 Feb 2012 11:27:19 +0000 Good Morning ... European Markets up 25-65 bps ... Nikkei Closed -0.51% (HSI +0.0

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

From: Ike Groff <MI > Subject: Early Tour 7.12.12 Date: Thu, 12 Jul 2012 10:02:09 +0000 Good Morning ... European Markets off 25-120 bps (Spain -1.5%) ... Nikkei

AFFX (convert) IPO's: N/A Key Research: William Blair initiates TIF (mp), Think initiates CTXS (hold), Sterne Agee downgrades ATHN Key Research: Cantor initiates WFM/UNH/HUM (buy's) & AET/HNT/WLP (hold's), Raja downgrades EAT Key Research: GS downgrades COP/COL (sell) & upgrades TSO, Barcap upgrade

From: Ike Groff Subject: Early Tour 6.20.12 Date: Wed, 20 Jun 2012 10:14:09 +0000 Good Morning ... European Markets mixed (Italy +1.2%, Spain +0.84%) ... Nikkei +

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)

From: Ike Groff Subject: Early Tour 4.22.14 Date: Tue, 22 Apr 2014 09:50:50 +0000 Inline-Images: image00 1 jpg; image002.png ID:Description: Description: Good M

SGC LN, upgrade NEX LN ••• SocGen upgrade BBVA SM, Medio initiate MSK LN (op), Beren downgrade DIA IM, u/g ETL FP • RBC downgrade STAN LN, SGE LN, Cantor downgrade IHG LN, SBRY LNA2A IM, u/g ICL IT, KCO GY • Numis downgrade RTN LN, Exane downgrade DELB BB, Akros downgrade MED IM, LTO IM EFTA00390787

From: Ike Groff Subject: Early Tour 5.9.13 Date: Thu, 09 May 2013 09:53:41 +0000 lane-Images: image001.jpg: image002.png ; 1_,Description: Description: Good Mor

erian Utilities: (reinitiate o/p EDP PL & GAS SM , neutral EDPR PL, u/p ANA SM, EGPW IM, ELE SM, IBE SM) • Exane upgrade MPI LN, GS upgrade SGSN VX, Cantor initiates IHG LN &AC FP (buys) • JPM downgrades (BDEV LN, BWY LN, BVS LN, RDW LN, TW/ LN), SocGen downgrades (ADN LN, HGG LN, CABK SM, SK FP) • Be

From: Ike Groff Subject: Early Tour 1.23.13 Date: Wed, 23 Jan 2013 11:01:01 +0000 Inlinc-Images: image00 1 jpg; image002.png ;Description: Description: Good Mo