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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
reduce), Citi downgrades MDP, PacCrest upgrades NFLX • Jefferies cuts NGLS/EPD, Baird upgrades SCTY, Stifel cuts R, Sterne Agee upgrades BOFI (buy) Europe Key Research: :••• Bofa downgrades SDRL NO/BAW SJ/ARTC DB & upgrades HTO GA (buy), Investec cuts DIA LN • Berenberg downgrades SZU GR (sell) & upgrades RSL LN,
iced at $22 (above range), Mix Telematics (MIXT) 6.3M ADS priced at $16/sh (high-end) US Key Research: ••• GS downgrades FL, Compass Point cuts DV, Jefferies initiates XXIA (buy), CS downgrades SPH • DB upgrades IHS (buy), Wells upgrades STJ, JPM upgrades CSCO, Raja downgrades LEAP RBC initiates VNTV (op
Wells upgrades STJ, JPM upgrades CSCO, Raja downgrades LEAP RBC initiates VNTV (op) & downgrades MPW & upgrades RGLD, SunTrust initiates THO (buy) Europe Key Research: ••• UBS upgrades HGG LN & SDA1V FH, GS downgrades SPT LN & CORA NA, UBS downgrades LRE LN • Commerzbank upgrades WCH GY, JPM upgrades ADP FP & dow
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
, Stifel initiates FGEN (buy) and COG/APC/NFX/NBL (hold) • Wedbush initiates CSCO (op) and JNPR (neut), Lonbow downgrades LPX & upgrades LECO (buy) Europe Key Research: EFTA00357140 • Bofa downgrades BAYN GR/SHP LN/GSK LN/PGHN SW, Barcap downgrades ALV GRIHNR1 GR/MUV2 GR/PHNX LN & upgrades UNI IM • Berenberg in
s below — SIMG topped Secondaries (announced/priced): NLCH, TRS, STNG, BCRX, CUZ, FER SM IPO's: N/A US Key Research: ••• Atlantic downgrades XYL, Jefferies downgrades OPTR, Wells cuts NVDA/ROK & upgrades TVL ••• BMO cuts DCI, RBC upgrades GGP, SunTrust initiates GDP (buy), Evercore upgrades WU • JPM up
D, CS upgrades CBST, Raja downgrades SAVE/ADC, Key upgrades PPS ••• Needham upgrades ISIL (buy), Gabelli downgrades BLC (sell), Citi downgrades SQM Europe Key Research: ••• UBS downgrade TKA GY, TCY LN, JPM upgrade GKN LN, initiate BPOST BB (ow) ••• Nomura initiate BPOST BB (b), upgrade ALU FP, MS initiate BPOST B
s at $23.00 EFTA00391982 US Key Research: • BMO upgrades NOK, Compass Point downgrades PAY, Wells initiates CHDN/COF (op's) • GS upgrades VRTX, Jefferies upgrades EE (buy) & initiates WCG (hold) and GASS (buy) • RBC initiates MITL (sp), Jeff initiates WCG (hold) and GASS (buy)b. Riley intiates ADBE (b
uy), KBW upgrades AF/ETFC/TOL, DB upgrades AN, CS cuts VVVVW e Baird downgrades COH, JPM downgrades FCS, Raja downgrades TXNm DB upgrades UBS (buy) Europe Key Research: • UBS add LG FP to most pref - HOLN VX removed, upgrade TCELL TI, TRMK RM, PHOR RM, SZG GY, downgrade TAVHL TI, SHI LN • Barc initiate KYG ID (ow
Entities connected to both Jefferies and Europe Key Research

Bloomberg L.P.
ORGANIZATION
Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSON
Barack Obama
PERSON
Washington D.C.
LOCATIONBaird
PERSONNomura
ORGANIZATIONBarcap
ORGANIZATIONStifel
ORGANIZATION
Stanford University
LOCATIONUS Key Research
ORGANIZATION
Wells
ORGANIZATION
Horizon
ORGANIZATION
Bernanke
PERSON
Ghislaine Maxwell
PERSON
Michael Jackson
PERSON
David Cameron
PERSONKepler
PERSON
Philadelphia Fed
ORGANIZATION