Epstein Secrets

& downgrades NSC, GS downgrades WMS (sell), UBS downgrades Brean Murray downgrades HOGS, Jefferies downgrades XCO/DLR & upgrades AMD CLSA upgrades Toshiba (6502 JP) (buy), JMP upgrades NUVA, Raja downgrades UAM CS initiates SYK/ZMH (op's), Piper initiates SPNC/GTIV (ow), FBR initiates WRLD (mp), Sitfe

: (buy) Key Research: Key Research: Barcap upgrades UNP & downgrades NSC, GS downgrades WMS (sell), UBS downgrades Brean Murray downgrades HOGS, Jefferies downgrades XCO/DLR & upgrades AMD CLSA upgrades Toshiba (6502 JP) (buy), JMP upgrades NUVA, Raja downgrades UAM CS initiates SYK/ZMH (op's), Piper

ent One near "major toy licensing agreement" in US Daily Mail<http://www.dailymail.co.uk/money/article-1390161/Entertainment-Ones-US-cash-cow.html> Toshiba removes Windows 7-based tablets, Chromebooks from product roadmap DigiTimes<http://www.digitimes.com/news/a20110523PD216.html> Diageo looking to el

downgrades CBOE (sell), W Blair upgrades ESI/DV/EDMC & downgrades CPLA/STRA, BofA initiates CLGX (buy) Key Research: Merriman upgrades KVHI (buy), Jefferies initiates SON (hold), Bofa downgrades HSBA.LN & initiates TMS (buy) Key Research: BMO downgrades LFT & DEER, CS resumes CYH & THC (op's), GS downgr

% y/y versus estimate -1.2% • Nintendo posts smaller than expected loss, maintains forecast (#'s came out after the Japan close) EFTA00380437 • Toshiba raises full-year operating profit forecast by 12 percent amid rally in memory-chip prices • Esprit rises most in 11 months after O1 sales and hirin

grades BIDU (buy) & initiates SKX (buy) ••• BTIG upgrades FB (buy), DB downgrades X, Evercore downgrades DLR ••• GS downgrades CRS and CHKR (sell), Jefferies initiates DKS (hold) • JPM downgrades EW, MS initiates FINUFL (ew) & assumes NKE (ow) and UA (ew) ••• Steme initiates RLGY (neut), Bofa downgrades

imates and keeps FY forecasts unchanged (after close) • UK Corp. O1 operating profit slumps and keeps below consensus FY forecast (after close) • Toshiba quarterly profit misses ests as sales of televisions and personal computers declined (after close) • Takeda Pharma O1 net income -67% y/y to 29.1 b

s below — SIMG topped Secondaries (announced/priced): NLCH, TRS, STNG, BCRX, CUZ, FER SM IPO's: N/A US Key Research: ••• Atlantic downgrades XYL, Jefferies downgrades OPTR, Wells cuts NVDA/ROK & upgrades TVL ••• BMO cuts DCI, RBC upgrades GGP, SunTrust initiates GDP (buy), Evercore upgrades WU • JPM up