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h: MS downgrades FTE & initiates lodging sector (favorable view), Bofa reinstates CMA/FITB/RF/KEY/MTB Key Research: JPM lowers targets BYI/IGT/WMS, Baird initiates QLIK Reporting Pre-Open: FAST, AIB, CAGC Reporting Post-Close: ADTN, HOFT, MG, STRM Economic Data: NFIB Small Business Optimism @ 7:30am
Inventories, Earnings (JPM) Thursday: PPI, China Industrial Production/CPI/PPI/Retail Sales/GDP, Earnings (CHKP, HAS, PGR, SW, GOOG) Friday: CPI, Empire Manufacturing, Industrial Production, Michigan Confidence, Japan Industrial Production, Earnings (BAC, GPC, INFY, MAT) This e-mail and any files transmitted with
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
Global Tech Conference (NYC), MS TMT Conference (Barcelona), Earnings (ANF, SPLS, TYC, LTD, NTAP) Thursday: China's 18th Party Congress concludes, Empire Manufacturing, CPI, Philadelphia Fed Survey, US Bank Stress Tests, RBC MLP Conference (Dallas), Earnings (DLTR, GME, HP, ROST, TGT, VIAB, WMT, ADSK, DELL, GPS, SH
& downgrades CTXS, Jeff upgrades MNT/MOH Key Research: Nomura upgrades MMM, Raja initiates ABMD (mp) & upgrades CCOI, Piper cuts MDRX Key Research: Baird upgrades FAST, Mizuho initiates FRX (buy), JPM upgrades MRO & downgrades CSCO Key Research: Wells initiates PVTB (mp), BB&T initiates WWW (hold), St
GS Industrials Conference (Boston), UBS Global Tech Conference (NYC), MS TMT Conference (Barcelona), Earnings (ANF, SPLS, TYC, LTD, NTAP) Thursday: Empire Manufacturing, Philadelphia Fed Survey, RBC MLP Conference (Dallas), William Blair Financial Technology Summit (Boston), Earnings (DLTR, GME, HP, ROST, TGT, VIAB,
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:
ts This Week Wednesday: Bernanke speaks in Nashville (9am), Import Price Index, US Current Account Balance, Japan Industrial Production, Thursday: Empire Manufacturing, PPI, Philly Fed Friday: CPI, Industrial Production, Michigan Confidence Ike Groff 680 Washin ton Bl • (203) 302-7300 l• mailto (Description: De
hrough Bofa & GS, Wellesley Bancorp (WEBK) files 2.76M shares through Sandler Key Research: MS initiates ALGN (uw) & XRAY/TFX (ew) & HRC/SIRO (ow), Baird upgrades IRET Key Research: Roth downgrades CYCC/SPPI/CLDX/DNDN/REGN, Canaccord initiates ZLCS (buy) Key Research: Auriga upgrades MYGN (buy), Bank
cial Cash Rate, CS Capital Goods /Aerospace & Defense Conference (London), Earnings (PLL) Thursday: Boehner delivers speech about the economy, CPI, Empire Manufacturing, Philadelphia Fed Index, EU Commission will publish its interim economic forecasts, Earnings (RIMM) Friday: S&P annual IWF review and quarterly sha
AKS and MASI (sell) & initiates COH/RKT (buy's) & JEC (neut), Piper initiates CRIS (ow) Key Research: DB downgrades ORLY/AMRS/MPEL & upgrades COP, Baird downgrades XCO/SLGN/ORLY/TLEO & upgrades ALXN/SEE Key Research: GS adds ATVI to Conviction Buy list & resumes SYMC (neut) & upgrades EFX (buy) & c
, Earnings (AVP, BWA, GT, HSP, MMC, OMC, WPI, MET, ZNGA) Wednesday: Eurozone FinMin meeting (may sign off on Greek bailout), FOMC Meeting Minutes, Empire Manufacturing, Bofa Insurance Conference (NYC), Leerink Swann Global Healthcare Conference (NYC), Earnings (ANF, CMCSA, DE, DPS, DVN, TEVA, A, CBS, CF, CLF, MAR,
sell) & downgrades GLNG (sell), Barcap cuts WDR • Piper initiates HALO (ow) & PDLI (neut) & cuts EAT, Wells downgrades RGP & initiates UIL (op) ••• Baird initiates LNKD (neut), Opco downgrades RENN, BMO upgrades ARO/PSB, Longbow cuts MOLX ••• Raja downgrades BC, CS cuts CLX & upgrades RBC, Evercore in
h the DXY breaking out to new ytd highs which has Gold rolling back over -$14.70 to $1509.90. SPA's -2 handles = 1645 last. ***Mortgage Apps @ 7am, Empire Manufacturing / PPI @ 8:30am*" "Industrial Production @ 9:15am, NAHB Housing Index @ 10am". ***CSC, DE, M report pre-open / CSCO, JACK #'s post close's* • Agile
quisition Corp II (CLACU) 18M-shares priced at $10 US Key Research: ••• Citi downgrades DNDN (sell), GS upgrades GVA, Opco initiates WDAY (op) ••• Baird downgrades LOPE, BMO initiates TEVA/ACT/AGN (op) & AGN/MYUFRX (up) ir Wells initiates ENSG (mp) & ESC (op) & upgrades BSX, Janney initiates DDD (buy
lities Conf, JPM Global TMT, UBS Global Financials, Earnings (A, XONE, CACH) Wednesday: MBA Mortgage Applications, US PPI & IP, NAHB Housing Index, Empire Manufacturing, TIC Flows, Bofa Global Transports Conf, Earnings (CSC, DE, ACAT, WAG, M, CSCO, WYY) Thursday: CPI, Philadelphia Fed, Housing Starts, RBC Capital M
Entities connected to both Baird and Empire Manufacturing

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSON
Barack Obama
PERSON
Bloomberg L.P.
ORGANIZATIONBarcap
ORGANIZATION
Stanford University
LOCATION
Piper
PERSONJefferies
ORGANIZATIONStifel
ORGANIZATIONNomura
ORGANIZATION
Ghislaine Maxwell
PERSON
Horizon
ORGANIZATION
Michigan
LOCATION
Angela Merkel
PERSONJanney
PERSON
Philadelphia Fed
ORGANIZATION
Bernanke
PERSON
Wells
ORGANIZATIONCanaccord
ORGANIZATION