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/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
N • Berenberg downgrades SZU GR (sell) & upgrades RSL LN, SocGen upgrades ELPE GA (buy) • Citi upgrades BKIA SM/CABK SM (buy) & cuts KIO SJ (sell), Panmure upgrades PDG LN (buy) • DB downgrades PKN PW, GS upgrades CHR DC (buy), Kepler downgrades CSGN SW • JPM downgrades KNIN SW/GJF NO & upgrades ETE GA
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
pe Key Research: KBC reinitiates TESB BB (accumulate), Citi downgrades FLU AV, HSBC downgrades SSE LN, RBC upgrades HOME LN • Bofa upgrades SDR LN, Panmure downgrades CWD LN, Helvea downgrades ROG VX, Natixis downgrades SOI FP Reporting Pre-Open: BASI, JYNT Reporting Post-Close: SCS Economic Data: Chi
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
O 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 upgrades CCC LN, BofA initiates DLG GY (up), Barclays initiates PA/ LN (ow) ••• Citi initiates GET FP (buy), CS upgrades RWE GY, HSBC upgrades KCR1V
Entities connected to both Jefferies and Panmure

Bloomberg L.P.
ORGANIZATION
Lesley Groff
PERSON
Vladimir Putin
PERSONIke Groff
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Barron
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Washington D.C.
LOCATION
Barack Obama
PERSONBaird
PERSONNomura
ORGANIZATIONStifel
ORGANIZATIONBarcap
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Piper
PERSON
Stanford University
LOCATION
Horizon
ORGANIZATIONUS Key Research
ORGANIZATIONKepler
PERSON
Draghi
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François Hollande
PERSONFin Services
ORGANIZATIONMizuho
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