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ow) & TOMO (neutral) Key Research: Piper initiates LH/MWIV/INMD (ow's) & DVA/AMSG/WOOF/DGX (neuts) & PETS (uw), UBS downgrades PDCO Key Research: Baird lowers target GPS, DB upgrades CS (buy), Citi upgrades AES (buy), KBW initiates APO/PCBK (op's) Key Research: GS upgrades WBMD (buy) & downgrades A
earlier this week - Cinco Dias Key Events Next Week Monday: Chicago Fed Index, Janney Consumer Conference (Boston), Earnings (CPB, SOLR) Tuesday: New Home Sales, Richmond Fed Manufacturing Index, MS Cloud Computing Symposium, Wells Fargo Consumer/Gaming/Lodging Conference (NYC), Earnings (AZO, MDT, AMAT, CPW
SV/RDC/SDRL & makes BHI top pick Raja initiates DKUSXE (op's), Macquarie upgrades ETR, Bofa upgrades SCHN, Nomura cuts SHW Citi upgrades VNO (buy), Baird initiates VOD (op), DB initiates IDIX (buy) JEFF upgrade CPG LN, MS upgrade KRKA PW, RBC upgrade SVT LN, Kepler upgrade RCO FP MS upgrade ENI IM, M
US along with a handful of retail earnings. But all in all fairly quiet so far this morning. SPA's -2 handles = 1395 last. ***Mortgage Apps @ 7am, New Home Sales @ 10am, Fed's Beige Book @ 2pm *** ***AEO & ANN report pre-open / ARO & GES report after close*" ***Jefferies Global Energy Conference (Houston) be
to Conviction Buy List & cuts PTEC LN, DB initiates PANL (buy) Key Research: JPM initiates VFC (ow), MS upgrades ONYX, Think initiates MASI (buy), Baird initiates SHW (neut) Key Research: Bofa upgrades JACK, BMO upgrades AIV, Wells downgrades R/RFMD & initiates RDEN/EL (op's) Key Research: MainFir
n ODMs DigiTimes< Key Events Next Week Monday: Supreme Court ruling on ObamaCare expected this week, Chicago Fed Index, Dallas Fed Manufacturing, New Home Sales, GHS 100 Energy Conference (SF), Earnings (APOL) Tuesday: III/CaseShiller Home Price Index, Richmond Fed Manufacturing Index, Consumer Confidence,
Research: Key Research: (hold) & 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 J
as City Fed Manufacturing EFTA00419542 Activity, Earnings (AEE, AMT, CMS, DNR, KSS, PCS, SWY, TGT, AIG, GPS) Friday: Michigan Consumer Sentiment, New Home Sales, Earnings (ANR, JCP, NEM, WPO, IPG, PNW, POM) Saturday: G20 finance ministers/central bank governors meet Ike Groff 1680 Washington Blvd Stamford,
h: BMO initiates food/beverage (RAH/DF/MJN/THS/FLO/HAIN), Macquarie initiates US Chemicals (KRA/FMC/ROC/SOA) Key Research: Barcap upgrades NOVN.VX, Baird downgrades PII, Wells downgrades NVE, JPM initiates CRR (ow) & LG FP (neutral) Key Research: GS downgrades SINA (sell) & upgrades CRH (conviction b
kely to be 1470B vs forecast of 1540B - Nikkei Mitsubishi UFJ Morgan Stanley Securities FY net to be (1140B) - Nikkei Key Events Next Week Monday: New Home Sales, Dallas Fed Manufacturing, Earnings (KMB, SIAL, AMP, ESRX, JEC, MAS, NFLX) Tuesday: Case-Shiller Home Price Index, Consumer Confidence, Richmond Fe
uy) and cuts DFRG • Roth initiates GSVC (buy), BMO upgrades HD, B. Riley initiates IMMR (buy) • Evercore upgrades INTU, Steme initiates SYNA (buy), Baird initiates GLRI (op) Europe Key Research: • Bofa initiates PETS LN/SHF SJ (buy) & upgrades ETE GA and RMG LN (buy) • Cantor initiates SRSP LN (buy)
• AstraZeneca brings in Wall Street 'defenders' amid Pfizer bid speculation Telegraph Key Events This Week Wednesday: US Flash Manufacturing PMI, New Home Sales, Eurozone Flash PMI April, Earnings (APD, BA, DAL, DOW, DPS, GD, IR, NOC, PG, AAPL, FB) Thursday: Durable Goods, Kansas City Fed, Obama visits Japa
N (op), Wells initiates SONS (op) • Drexel initiates CRM (hold), JMP initiates ITCI (mp), Topeka initiates CCC (buy), Webush assumes PTCT (op) ••• Baird downgrades ACHN, Piper upgrades CRY, Stifel upgrades DEI, JMP initiates ITCI (op) ,Drexel Hamilton initiates CRM (hold) Europe Key Research: • Ban
oliday. SPA's — flat = 2072.60 last. ***Durable Goods Orders & GDP @ 8:30am, FHFA House Price Index @ 9am*** ***Michigan Confidence, Richmond Fed, New Home Sales, Personal Income @ 10am*** • Family Dollar special shareholder vote on the proposed merger • Gemalto to issue up to 5% capital over five years to
Entities connected to both Baird and New Home Sales

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSON
Bloomberg L.P.
ORGANIZATION
Barack Obama
PERSONBarcap
ORGANIZATION
George W. Bush
PERSON
Piper
PERSONJefferies
ORGANIZATIONStifel
ORGANIZATION
Michigan
LOCATION
Stanford University
LOCATION
Angela Merkel
PERSON
François Hollande
PERSONNomura
ORGANIZATION
Horizon
ORGANIZATION
Wells
ORGANIZATIONCanaccord
ORGANIZATION
David Cameron
PERSON
Tony Blair
PERSON