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HMSY/AGP, Stifel downgrades HGG, Wells initiates VPHM (mp) and REXX (op) Key Research: Susquehanna initiates NXPI (neut), JMP initiates JNPR (mp), Baird downgrades CVGI/MTOR/MOD Key Research: Guggenheim initiates CMA (neut), Stifel initiates LTM (hold), Raja upgrades SKYW, MS downgrades WM Key Res
s application to start insolvency protection (trading -76%) Moneysupermarket.com H1 update brief but positive for 2Q and as per mgmt expectations Swatch has no plans to cut stake in Hengdeli according to Hong Kong Economic Journal Deposits in Greece's banking system have increased by more than ea bi
NO, JPM upgrades DTSI & cuts CAT Barcap upgrades ORA, Jeff cuts JNJ/NKTR & upgrades SQNM (buy) MS upgrades TRIP & cuts IQNT CS downgrades JCP/VRTX, Baird upgrades NAV, JPM and Stifel downgrade STRA, Citi upgrades CMA Exane upgrades IHG LN, Citi downgrades RYA LN, Barclays initiates Russian Oil & Gas s
nd sales increase, net debt falls (trading -0.88%) • FCC 9 month update looks inline, sales down from 2011, net debt drops 11% (trading +0.16%) • Swatch considers FY sales guidance of CHF 8 billion feasible according to Sonntag (trading +1.0%) • Mercedes-Benz Jan-Oct sales +8.0% on year at 169,070 u
VN ($175M), MWE, SLXP ($500M convert), TNGO IPO's: N/A EFTA00418137 Key Research: Bernstein upgrades SAP, DB downgrades CVC & upgrades SNI (buy), Baird upgrades VOC Key Research: Barcap initiates OIS (ow), Equinet upgrades S92 GR, Key initiates CVA (buy), W Blair initiates COV (op) Key Research:
ine, div disappoints, sees copper production FY12 +10% (trading Weir Group withdraws from bidding for Ludowici, will make no further offer (trading Swatch sales may rise by - 10% in 2012 amid strong demand out of North America & Audi is said to be in talks to buy Italian luxury motorcycle maker Ducati
P upgrades AGN, JPM downgrades TRMB/ACI, Citi upgrades CG/GCI & downgrades SLGN/CNC/MNI • CLSA downgrades DELL & upgrades CHD, Raja downgrades CCOI, Baird initiates FINL (neut) • Nomura initiates CMAIFITB/HBAN/KEY (neuts) & WFC/USB/PNC/RF (buys), Janney initiates INTU (buy) ••• Evercore downgrades GGP
tial partners (trading +5.8%) • Tieto good O4, cost reductions ahead, sees solid growth, telco to remain tough, strong into #'s (trading +6.1%) • Swatch may be ousted from the SMI after changing to Swiss GAAP accounting rules in October (trading -1.5%) • Aer Lingus FY sales in line, PBT lower, passe
Entities connected to both Baird and Swatch

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSON
Bloomberg L.P.
ORGANIZATION
Barack Obama
PERSONJefferies
ORGANIZATIONStifel
ORGANIZATION
Stanford University
LOCATION
Tony Blair
PERSON
Michigan
LOCATION
Angela Merkel
PERSONJanney
PERSON
Horizon
ORGANIZATION
Wells
ORGANIZATIONUtilities
ORGANIZATION
Scarlett Johansson
PERSON
Washington D.C.
LOCATION
Michael Jackson
PERSON
Bernanke
PERSON
Macau
LOCATION