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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
ades CVGI/MTOR/MOD Key Research: Guggenheim initiates CMA (neut), Stifel initiates LTM (hold), Raja upgrades SKYW, MS downgrades WM Key Research: Longbow cuts USG, Citi downgrades PNW & upgrades WCH GY, Redburn upgrades ITX SM Key Research: UBS upgrades LXS GY, Liberum downgrades LLOY LN, Canaccord d
/TWNT (mp), DB upgrades EFX (buy), Leerink downgrades MDCO • Raja initiates GBDC/HAFC (op), Vertical initiates DMRC (buy), RBC initiates PCL (op) • Jefferies upgrades EFX/EIX (buy), JPM upgrades GOGO/BWP, Longbow initiates NCLH (buy) • Piper assumes SNDK (ow) & upgrades RALY, RBC upgrades AA & cuts SO, Ra
O • Raja initiates GBDC/HAFC (op), Vertical initiates DMRC (buy), RBC initiates PCL (op) • Jefferies upgrades EFX/EIX (buy), JPM upgrades GOGO/BWP, Longbow initiates NCLH (buy) • Piper assumes SNDK (ow) & upgrades RALY, RBC upgrades AA & cuts SO, Raja downgrades HBAN • SunTrust initiates KRO (reduce),
741) files $10.7M IPO through Cuttone & Co and Axiom Capital US Key Research: ••• GS downgrades EGP, Evercore upgrades FRT (buy) & downgrades PEB, Jefferies initiates SCVL/BWS (hold) ••• JMP initiate HDP (op), RBC upgrades ARMK, Longbow downgrades WDC, Roth initiates WATT (buy) ••• Nomura, DB, JPM, GS i
• GS downgrades EGP, Evercore upgrades FRT (buy) & downgrades PEB, Jefferies initiates SCVL/BWS (hold) ••• JMP initiate HDP (op), RBC upgrades ARMK, Longbow downgrades WDC, Roth initiates WATT (buy) ••• Nomura, DB, JPM, GS initiate AXTA, Mizuho initiates COH/KORS (neut), PacCrest initiates DISCA (sp) & T
DB initiates MDSO/CERN/ATHN/MDAS/MDRX (buy's) & CRL/CVD/PRXL/CPSI/QSI (hold's) DB downgrades O, GS downgrades PM, Imperial initiates RAD/RDWR (op), Jefferies cuts ED ••• Citi upgrades MTL (buy), Raja cuts GBX/QCOM/TRN, BMO upgrades HSH, JPM cuts SJM ••• FBR initiates MWW (op), Longbow initiates NAV (neut
es RAD/RDWR (op), Jefferies cuts ED ••• Citi upgrades MTL (buy), Raja cuts GBX/QCOM/TRN, BMO upgrades HSH, JPM cuts SJM ••• FBR initiates MWW (op), Longbow initiates NAV (neut), Opco downgrades PXD Europe Key Research: ••• JEFF +ve AC FP, Berenberg reit buy ZONO PL, Panmure +ve IN LN • KepChev upgrade
IPO priced at $18 (above), Ardmore Shipping (ASC) 10.0M share IPO prices at $14.00 (below) EFTA00386462 US Key Research: • ISI downgrades MDAS, Jefferies downgrades EDG & increases AAPL pt, Roth cuts BJRI ••• Opco upgrades GPN & initiates MJN (perform), Citi cuts JCP (sell) & upgrades LPLA (buy) • DB
s AMT (buy), BMO initiates CSL (mp), DA Davidson cuts MDU ••• Susquehanna initiates GES (neut), Key downgrades PZZA, Brean downgrades ITRI (sell) • Longbow upgrades RBC, Mizuho downgrades ENTR, RBC downgrades RBC, JPM upgrades YELP ••• FBR initiates GPS/CRI (op) & ASNA (up) & ANN/CHS/PLCEJLTD (mp), Ever
Entities connected to both Jefferies and Longbow

Bloomberg L.P.
ORGANIZATION
Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSON
Barack Obama
PERSONBaird
PERSON
Michigan
LOCATIONNomura
ORGANIZATIONStifel
ORGANIZATION
Stanford University
LOCATION
Wells
ORGANIZATION
Horizon
ORGANIZATION
Bernanke
PERSON
Michael Jackson
PERSON
Ghislaine Maxwell
PERSONSusquehanna
LOCATION
Philadelphia Fed
ORGANIZATION
Evercore
ORGANIZATIONFin Services
ORGANIZATIONMacquarie
ORGANIZATION