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MDC/NVR, KBW upgrades EDR Key Research: Nomura upgrades STAN.LN (buy), Wells upgrades APC & initiates TLLP (op), RBC downgrades IPXL Key Research: Baird upgrades AMAG, Barclays upgrades BIG & initiates AL/VNET (ew's), DB upgrades FOE (buy) Key Research: Atlantic upgrades MOS, JPM downgrades SMG, Jan
74.57 (-0.45%) Crude $102.32 (+$1.73) ***Month End (S&P 500 -2.4% mtd), Semi-annual MSCI Rebalance today*** ***CaseShiller Home Price Index @ 9am, Chicago PMI @ 9:45am*** ***Consumer Confidence @ 10am, Dallas Fed @ 10:30am*** ***Bank of Canada rate decision @ 9am, China PMI tonight @ 9pm*** EU's Juncker
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
ts This Week Thursday: GDP, Retailers SSS, Kansas City Fed Manufacturing Index, Earnings (KR, TIF, NJR, ZUMZ) Friday: Personal Income and Spending, Chicago PMI, China Manufacturing PMI (8pm), MSCI Semi-Annual Index Rebalance Key Events on the Horizon December 3 — Eurogroup meeting, Eurozone PMI's, US ISM
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, PAYX) Thursday: GDP, Kansas City Fed Manufacturing, EU Summit in Brussels, Earnings (FDO, CAN, NKE, RIMM) Friday: Personal Income and Spending, Chicago PMI, Michigan Confidence, EC qtrly report on EFTA00410736 Euro area, Earnings (STZ) Ike Groff 1680 Washington Blvd Stamford, CT 069011 • (203) 302-73
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
IRM, MHS, MSI, NBL, OXY, PG, PHM, S, SWY, TWC, TYC, XOM, CLF, EXPE, MSFT, MWW, VRSN) Friday: Personal Income S, Consumption, Employment Cost Index, Chicago PMI, Michigan Confidence, Earnings (AIV, AON, CAT, CVH, CVX, DHI, ETR, FLIR, GT, ITT, MRK, NEE, NWL,SPG, VFC, WY) This e-mail and any files transmitte
Entities connected to both Baird and Chicago PMI

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSON
Bloomberg L.P.
ORGANIZATION
Barack Obama
PERSONBarcap
ORGANIZATIONJefferies
ORGANIZATION
Piper
PERSONNomura
ORGANIZATION
Stanford University
LOCATION
Michigan
LOCATION
François Hollande
PERSON
Angela Merkel
PERSON
Horizon
ORGANIZATIONStifel
ORGANIZATION
Wells
ORGANIZATION
Moody's
ORGANIZATIONJanney
PERSONUtilities
ORGANIZATIONCanaccord
ORGANIZATION