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ARCB (buy) & cuts SNCR • Longbow downgrades BWLD & upgrades KMT, Piper downgrades PACB Europe Key Research: ••• Liberum upgrades SDF GY & ICL IT, Jefferies initiates SRG IM (buy), Citi downgrades G IM (sell), Barcap downgrades CCH LN • Alpha Value downgrades SWEDA SS, Berenberg initiates IFX GY (buy) &
DC & ICA SS and upgrades HPOLB SS, GS upgrades ADS GY, KBC upgrades COMB BB EFTA00329453 • Handelsbanken upgrades BRG NO, SEB downgrades ABBN VX, Akros initiates ANIM IM (accumulate), CBK downgrades WCH GY • Rabobank upgrades ARCAD NA, Danske upgrades MAERSKB DC & LUN DC and downgrades KCR1V FH, CS
vercrest Asset Management (SAMG) 4.79M shares priced at $11 IPO's: IBEX LN, MATAS DC, KGX GY, Ocean Yield books closing today US Key Research: ••• Jefferies initiates OCN/PMT/WAC (buys) & NSM/PFSI/PHH (holds), Roth re-establishes BDE (neut) •••• Opco initiates ZINC (op) & PANW/HXL (perform), SocGen initi
es G1A GY, CS reits buy TSCO LN • Nomura downgrades HEIA NA, MS assumes coverage: EDPR PL (ow), AMS SM (ow), ASML NA (ow) • ABG downgrades SUBC NO, Akros upgrades IPG IM, Berenberg intiiates FBD ID (buy) • DB downgrades BA/ LN, Equinet upgrades FRA GR, GS upgrades YKBNK TI, ING initiates SIP BB (h) •
••• Mizuho downgrades OFIX, Wells initiates INFI (op) & upgrades AWK, Brean cuts MFB ••• DB initiates KBR/FLR/CBI/PWR/MTZ (buys) & MDR/JEC (holds), Jefferies cuts BMC ••• Opco upgrades VSAT, GS downgrades TSLA, Citi downgrades TUMI/BLK Europe Key Research: ••• Citi upgrade KCO GY, ICL TI, downgrade KOMB
L FP • RBC downgrade STAN LN, SGE LN, Cantor downgrade IHG LN, SBRY LNA2A IM, u/g ICL IT, KCO GY • Numis downgrade RTN LN, Exane downgrade DELB BB, Akros downgrade MED IM, LTO IM EFTA00390787 Chev downgrade IFX GY, restart PSON LN (r), IBE SM (b), Equita downgrade PMI IM Reporting Pre-Open: AES, AP
), Citi initiates LEAF (buy), KBW initiates LEAF/ESNT (op) RBC downgrades AOL & upgrades HTLD, Raja upgrades BLMN/JBLU, UBS initiates PX (neut) ••• Jefferies downgrades SCHN, Bernstein upgrades SYK, Wells initiates UMBF (mp) Europe Key Research: • DNB downgrade MEO1V FH, Berenberg initiate LNZ AV (h) •
LN, KepChev upgrade FME GY, downgrade GBF GY ••• MS upgrade SAB LN, Natixis upgrade NOVN VX, Numsi downgrade BAB LN • Lampe upgrade CON GY, B5A GY, Akros upgrade GEO IM, UBS upgrade NPK SJ Reporting Pre-Open: CIS, CNTF, ENTA, HAST, KNOP, NJR, NM, QIHU, Reporting Post-Close: NUAN, CFI, CPRT, DY, FSC,
Entities connected to both Jefferies and Akros

Bloomberg L.P.
ORGANIZATION
Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSON
Washington D.C.
LOCATION
Barack Obama
PERSON
Michigan
LOCATIONStifel
ORGANIZATION
Stanford University
LOCATIONBarcap
ORGANIZATION
Norway
LOCATION
Wells
ORGANIZATIONUS Key Research
ORGANIZATION
David Cameron
PERSONJanney
PERSONKepler
PERSONBerenberg
ORGANIZATIONFin Services
ORGANIZATION
Draghi
PERSONBloomberg Consumer Comfort
ORGANIZATION