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tiates AAPL (buy $740pt) and EMC (buy) & downgrades SYT/DUK, BMO downgrades SUI Key Research: Jefferies downgrades 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 Re
as savings products). Meanwhile, PM Rajoy announced budget measures worth €65B over 2.5 years this morning (VAT will rise to 21% vs 18%). Germany's Constitutional Court ended its hearing on the ESM & fiscal pact yesterday and did not give a date for a ruling but finance minister Schauble says he hopes it will come
es APKT, RBC downgrades MRVL, CLSA initiates BEAM (up) EFTA00406607 Key Research: Evercore cuts GRPN, Jefferies raises AAPL pt & downgrades VVUS, Wells upgrades VIAB Key Research: JPM upgrades COG & initiates HFC/VLO (neut's) and PSX/TSO (ow's), FBR initiates FCEL Key Research: Susquehanna initia
al Convention (Charlotte, NC) September 6 - BOE/ECB rate announcements September 7 - Xstrata EGM to vote on Glencore deal September 12 - Germany's Constitutional Court ruling on ESM S Fiscal Pact September 13 - FOMC rate decision (economic & fed funds projections with Bernanke press conference to follow) November
cuts Airlines Sector to cautious & downgrades DAL/UAL and JBLU/SKYW (sells) Key Research: Nomura downgrades BOSS GR, Macquarie downgrades LLOY LN, Wells upgrades ABFS Key Research: Nomura initiates FUR NA/PGS NO/ SDRL (buy's) & HTG LN/TGS NO (neut) & GA FP (reduce) Reporting Pre-Open: ADP, AGN, AMT
t 23/24/25 - Fed's Annual Economic Policy Symposium in Jackson Hole, WY September 7 - Xstrata EGM to vote on Glencore deal September 12 - Germany's Constitutional Court ruling on ESM & Fiscal Pact November 6 - US Presidential Election Ike Groff 1680 Washington Blvd Stamford, CT 069011 • (203) 302-7300 1• mailto:
ester United (MANU) amended S-1 discloses 16.67M shares, expected range of $16-$20 Key Research: Evercore downgrades VLCCF, GS upgrades BSFT (buy), Wells upgrades CXO Key Research: Atlantic upgrades S, JPM downgrades DNDN, Piper cuts VRTX & upgrades NSPH/LMNX Key Research: Barcap downgrades AJG/BRO,
t 23/24/25 - Fed's Annual Economic Policy Symposium in Jackson Hole, WY September 7 - Xstrata EGM to vote on Glencore deal September 12 - Germany's Constitutional Court ruling on ESM S, Fiscal Pact November 6 - US Presidential Election Ike Groff Stamford, CT 069011 e• mailto: (Description: Description: cid:image
Entities connected to both Wells and Constitutional Court

Bloomberg L.P.
ORGANIZATIONIke Groff
PERSON
Lesley Groff
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Barack Obama
PERSON
Barron
PERSON
Ghislaine Maxwell
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Michael Jackson
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Donald Trump
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Michael Cohen
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Marc Rich
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David Cameron
PERSON
Department of Justice
ORGANIZATION
Condoleezza Rice
PERSON
Joe Biden
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Stephen Hawking
PERSONBarcap
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Prince Charles
PERSONBaird
PERSON
Julie K. Brown
PERSONJefferies
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