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CAT Barcap upgrades ORA, Jeff cuts JNJ/NKTR & upgrades SQNM (buy) MS upgrades TRIP & cuts IQNT CS downgrades JCP/VRTX, Baird upgrades NAV, JPM and Stifel downgrade STRA, Citi upgrades CMA Exane upgrades IHG LN, Citi downgrades RYA LN, Barclays initiates Russian Oil & Gas sector GS reits conviction bu
Global Tech Conference (NYC), MS TMT Conference (Barcelona), Earnings (ANF, SPLS, TYC, LTD, NTAP) Thursday: China's 18th Party Congress concludes, Empire Manufacturing, CPI, Philadelphia Fed Survey, US Bank Stress Tests, RBC MLP Conference (Dallas), Earnings (DLTR, GME, HP, ROST, TGT, VIAB, WMT, ADSK, DELL, GPS, SH
AT LN (sell) & initiates MTDR (neut) and IPCM (buy), HSBC downgrades GLE FP Key Research: Janney upgrades NWY (buy), Kepler initiates Prada (hold), Stifel initiates ETN/IEX (buy's) and CIR (hold) Reporting Pre-Open: AAON, ADES, BKR, BWEN, EBIX, EF, FDS, INSM, LDL, RAVN, REX, SYPR, TLP, UTSI, VIP, XRI
ts This Week Wednesday: Bernanke speaks in Nashville (9am), Import Price Index, US Current Account Balance, Japan Industrial Production, Thursday: Empire Manufacturing, PPI, Philly Fed Friday: CPI, Industrial Production, Michigan Confidence Ike Groff 680 Washin ton Bl • (203) 302-7300 l• mailto (Description: De
led/priced): Synacor (SYNC) 6.8M shares priced at $5, GSE Holding (GSE) 7M shares priced at $9 Key Research: Barcap intiates GILD (ow) & IDIX (ew), Stifel initiates TIE (hold), SocGen upgrades CS, BB&T initiates MTW (hold) Key Research: Citi downgrades AKS and MASI (sell) & initiates COH/RKT (buy's) &
, Earnings (AVP, BWA, GT, HSP, MMC, OMC, WPI, MET, ZNGA) Wednesday: Eurozone FinMin meeting (may sign off on Greek bailout), FOMC Meeting Minutes, Empire Manufacturing, Bofa Insurance Conference (NYC), Leerink Swann Global Healthcare Conference (NYC), Earnings (ANF, CMCSA, DE, DPS, DVN, TEVA, A, CBS, CF, CLF, MAR,
overweight over 12-months & initiates USAC (buy) EFTA00396178 •••• JPM upgrades NKE, MLV & Co downgrades ALNY, Roth initiates COSI/HYGS (buy's) • Stifel upgrades USBNVFC (buy's) & cuts FITB/PDH and CMA/KEY (sell), RBC upgrades AOL ••• KBW upgrades RNST & downgrades PRI and SIAL (sell), Barcap initiat
LZ, WFM) Thursday: G20 Fin Min/CB meeting (Feb 14-15), BMO Auto Finance Conference (Toronto), Earnings (APA, BWA, DISCA, GM, PEP, TAP, WM) Friday: Empire Manufacturing, US IP, Michigan Consumer Confidence, TIC Flows, Earnings (AEP, CPB, SJM, VFC, WBC) Key Events on the Horizon February 19/20/21/22 — CAGNY Conferen
rgins strengthened but forecast bit light (trading +1%) • Carter's initiates 16c/share quarterly dividend and approved $300M share buyback plan • Stifel profit down in Q1 due to costs related to acquisitions but global wealth posted records • ABB CEO Joe Hogan leaving for personal reasons, date to b
lities Conf, JPM Global TMT, UBS Global Financials, Earnings (A, XONE, CACH) Wednesday: MBA Mortgage Applications, US PPI & IP, NAHB Housing Index, Empire Manufacturing, TIC Flows, Bofa Global Transports Conf, Earnings (CSC, DE, ACAT, WAG, M, CSCO, WYY) Thursday: CPI, Philadelphia Fed, Housing Starts, RBC Capital M
Entities connected to both Stifel and Empire Manufacturing

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSON
Bloomberg L.P.
ORGANIZATIONBaird
PERSON
Barack Obama
PERSONBarcap
ORGANIZATIONJefferies
ORGANIZATIONNomura
ORGANIZATION
Michigan
LOCATION
Bernanke
PERSON
Horizon
ORGANIZATION
Angela Merkel
PERSON
Wells
ORGANIZATION
Piper
PERSON
Stanford University
LOCATIONRetail Sales
ORGANIZATION
Philadelphia Fed
ORGANIZATIONCanaccord
ORGANIZATION
Moody's
ORGANIZATION