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OSUR IPO's (filed/priced): N/A Key Research: UBS initiates 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
trading update slightly ahead of est and better than Michael Page (trading -3.0%) Carrefour: La Tribune speculating that H1 sales could drop by 6% (CA FP trading EFTA00408946 unch) Santander: 2% of new shares (193M) start trading today as part of convertible (trading +0.80%) JD Wetherspoon (pubs)
l), RBC cuts KMX/IP Key Research: DB downgrades RBS LN/KFRC & reinstates CA FP (hold), Baird upgrades TTEK/PEET, JMP downgrades BRCD Key Research: Jefferies downgrades RIMM & upgrades Sands China (buy), MS cuts RSH & upgrades NOV, Wells downgrades EW Key Research: JPM initiates FDO (ow) & DG (neut) & do
nitiates CUBE (buy) & SSS (hold) & EXR/PSA (sells), UBS downgrades ALV (sell), RBC cuts KMX/IP Key Research: DB downgrades RBS LN/KFRC & reinstates CA FP (hold), Baird upgrades TTEK/PEET, JMP downgrades BRCD Key Research: Jefferies downgrades RIMM & upgrades Sands China (buy), MS cuts RSH & upgrades
IPO's (lock-up expires): Tumi Holdings (TUMI) US Key Research: ••• Barcap reinstates NDAQ (ow), Citi downgrades MOSNHS, DB initiates ADS (buy) ••• Jefferies upgrades ADBE (buy), JPM upgrades BSAC & downgrades RBCN ••• Piper upgrades ARMH, Roth adds DGIT to focus list, Stifel upgrades MLNX (buy) ••• SunT
••• Citi upgrades the Spanish Banks (SAN SM, BBVA SM, BKT SM, CABK SM) & upgrades POLY LN ••• SocGen initiates food retail: DIA SM (b), CO FP (b), CA FP (h), MEO GY (h), AH NA (s), TSCO LN (s), • BofA adds CFR VX to Europe 1 List, UBS upgrades CRDA LN, ELM LN, LMI LN, UL NA, VCT LN • Panmure upgrade
Entities connected to both Jefferies and CA FP

Bloomberg L.P.
ORGANIZATION
Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSON
Barack Obama
PERSONBaird
PERSON
Michigan
LOCATIONStifel
ORGANIZATIONBarcap
ORGANIZATIONNomura
ORGANIZATION
Wells
ORGANIZATION
Piper
PERSON
Ghislaine Maxwell
PERSON
Michael Jackson
PERSONJanney
PERSONCantor
PERSONthe Horizon
LOCATIONSantander
ORGANIZATIONHong Kong Economic
LOCATIONHutchison Whampoa
PERSON