Epstein Secrets

Key Research: Key Research: Key Research: Key Research: Key Research: Key Research: Key Research: Key Research: Key Research: Key Research: Wells initiates HITT (op), CS initiates REGN/SGEN/XOMA (op's) & IMGN/PDLI (neutral's) Barcap initiates BERY (ew), DB initiates SDRL (buy) & downgrades CXS

s to woes over global economy Independent • It's all change in the Russian economy Independent Key Events This Week Wednesday: FOMC Minutes, PPI, Retail Sales, Eurozone Industrial Production, GS Industrials Conference (Boston), UBS Global Tech Conference (NYC), MS TMT Conference (Barcelona), Earnings (ANF,

es XCO/SLGN/ORLY/TLEO & upgrades ALXN/SEE Key Research: GS adds ATVI to Conviction Buy list & resumes SYMC (neut) & upgrades EFX (buy) & cuts NCR, Wells upgrades PROJ Key Research: JPM downgrades NOBN VX, Moke downgrades CRUX, UBS downgrades ING/KIM, MS initiates BEAV (ew) & CELG (ow) Key Research:

mes.com/news/a20120209PD215.html> Key Events Next Week EFTA00420117 Monday: White House to publish F13 budget, Earnings (FIS, MAS, RAX) Tuesday: Retail Sales, Import Prices, Eurozone Industrial Production, ZEW Survey, Stifel Transportation Conference (Key Biscayne), GS Tech & Internet Conference (SF), Ear

high-end) US Key Research: ••• GS downgrades FL, Compass Point cuts DV, Jefferies initiates XXIA (buy), CS downgrades SPH • DB upgrades IHS (buy), Wells upgrades STJ, JPM upgrades CSCO, Raja downgrades LEAP RBC initiates VNTV (op) & downgrades MPW & upgrades RGLD, SunTrust initiates THO (buy) Europe

vs est +2.8% (unchanged from June and well below the government's +3.5% upper limit), PPI declined for 17th straight month (-2.3% y/y vs est -2.2%), Retail Sales +13.2% vs est +13.5%, Industrial Output +9.7% vs est +8.9%, FAI +20.2% vs est +20.0%. Japan O2 preliminary GDP will be out on Sunday night which sho

O (mp) & JCP (up) ;••• William Blair initiates CMRX (op), Opco upgrades APO, Piper initiates OMTH (ow), JPM downgrades RBS ;••• JMP downgrades IRF, Wells initiates WAC (mp) Europe Key Research: ••• JP upgrade VK FP, initiate ESUR LN (ow), HTY LN (ow), downgrade RBS LN, ADM LN, GS initiate HTY LN (b),

C), D.A. Davidson Financial Services Conference (Seattle, WA), Earnings (CTSH, LINTA, ATVI, CTL, MNST, NWSA, EXPD) Thursday: Wholesale Inventories, Retail Sales, BOE rate decision, Earnings (AES, APA, CVC, DF, PCP, WIN, XRAY, CFN, NVDA) EFTA00390878 Friday: Treasury Budget Statement, G8 Fin Min / central