Epstein Secrets

arcap upgrades LNC & downgrades RGA, GS upgrades GPC and SFUN (buy) • Imperial upgrades ZBRA/GDP and initiates SBGL (op), RBC initiates ATEN (op) • Jefferies upgrades UNFI (buy) and initiates HLT (hold), Nomura upgrades GHL & cuts MSI EFTA00370916 • Raja initiates NMBL (op), Baird initiates LPI (op), UB

tations were low into #'s (trading +2.1%) • Credit Suisse O1 net income misses ests, investment bank weaker on fixed income (trading -2.0%) • BHP Billiton production update decent, core divisions performed well, non-core weaker (trading -0.16%) • ASML O1 sales inline, gm's better, cuts H1 sales foreca

Key Research: Citi downgrades APU (sell) & initiates FOSL/SHOO/VRA (buy) and BID (sell), Roth initiates ZQK (buy) Key Research: GS downgrades EDU, Jefferies downgrades ALU.FP & upgrades WFM and assumes FDP (hold) & CQB (buy) Key Research: Wells initiates AKS/STLD/X (mp) and NUE (op) & downgrades JNPR, H

liance with Anadolu Efes (trading +0.57%) Diageo reports sales growth that tops estimates led by gains in LatAm, Asia, Africa (trading +3.5%) BHP Billiton record iron ore production on Asia demand & expansions in Australia (trading -0.45%) Software AG (Germany's 2nd largest maker of business software)

downgrades M, Baird downgrades VZ, CS upgrades LHCG, ▪ Drexel Hamilton initiates LDOS (hold), Guggenheim initiates FITB/KEY (buy) and HBAN (neut) ▪ Jefferies initiates NDRM (buy) & downgrades NBR/Oll/SLB/CBST, KBW downgrades SEIC • JPM initiates ALL/AON/MMC (ow) and ACE/PGR/TRV (neut) and CB/UW (uw) & dow

FT • Arrest of 'tiger' Zhou Yongkang sheds light on China graft purge FT • Songbird: bird in the hand Lex • Dalian Wanda: big fish Lex • BHP Billiton: a miner by any other name Lex • Merck/Cubist: pony up Lex • Hermitage: imperial splendour, revolutionary symbolism, world-class art The Times •