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UBS cuts YUM Longbow initiates UPIP (mp) and CBM/SWK (neut's), Macquarie upgrades BRO, Wedbush initiates LNKD UBS cuts KGF LN, UBS upgrades BWY LN, Nomura upgrades TDC DC & cuts TLSN SS Citi cuts Insurance & Basic Res & upgrades Autos and Banks & cuts MEO1V FH & upgrades SU FP UBS adds GALP PL to most
12 - FOMC rate decision December 22-January 20 - US Congress scheduled to adjourn January 30 — Launch date for RIM's Blackberry 10 Ike Groff 1680 Washington Blvd 'Stamford, CT 069011 ,Description: Description: This e-mail and any files transmitted with it are confidential and intended only for the person or e
pgrades HERO/NBR/PES/PTEN (buy's) & cuts ESV/RDC/SDRL & makes BHI top pick Raja initiates DKUSXE (op's), Macquarie upgrades ETR, Bofa upgrades SCHN, Nomura cuts SHW Citi upgrades VNO (buy), Baird initiates VOD (op), DB initiates IDIX (buy) JEFF upgrade CPG LN, MS upgrade KRKA PW, RBC upgrade SVT LN, Ke
decision December 22-January 20 - US Congress scheduled to adjourn January 30 — Launch date for RIM's Blackberry 10 EFTA00400702 Ike Groff 1680 Washington Blvd 'Stamford, CT 069011 ,Description: Description: This e-mail and any files transmitted with it are confidential and intended only for the person or e
wngrades ARCAD NA, JPM upgrades TKAAV/NCSP LN & downgrades AFLT RU ••• Natixis upgrades MTU FP/ALO FP & cuts NOVN SW, Barcap upgrades DANSKE DC ••• Nomura downgrades ERICB SS, Nordea cuts LUPE SS & upgrades OPERA NO/NETB SS EFTA00370758 ••• Kepler upgrades LNZ AV (buy), Swedebank downgrades ERICB SS,
, MCO, VFC, WHR) Key Events on the Horizon May 5 - Ira Sohn Conference NYC 9 (link) May 17 — Portugal exits EU/IMF bailout program Ike Groff 1680 Washington Blvd 'Stamford, CT 069011 It La.:Description: Description: I EFTA00370761 This e-mail and any files transmitted with it are confidential and intended
des BION SW (buy) • JPM upgrades EVR LN & initiates PLND LN (neut), Bankhaus Lampe downgrades LXS GR • KBC downgrades RES BB, ABN upgrades AKZA NA, Nomura initiates PETS LN (buy) • Espirito downgrades NUM FP (sell), SocGen upgrades KPN NA (buy) & downgrades RMS FP • Swedebank downgrades MEO1V FH/NCC L
(CI, F, MCO, VFC, WHR) Key Events on the Horizon May 5 - Ira Sohn Conference NYC 9 (link) May 17 — Portugal exits bailout program Ike Groff 1680 Washington Blvd 'Stamford, CT 069011 EFTA00370853 ,Description: Descrintion: This e-mail and any files transmitted with it are confidential and intended only for
•• Raja downgrades BC, CS cuts CLX & upgrades RBC, Evercore initiates MHP (ew) Europe Key Research: • UBS downgrade ATLN VX, ENG SM, upgrade MS IM, Nomura upgrade CBK GY, ULVR LN • JPM upgrade ACA FP, HYDR RM, IRAO RM, initiate DCC LN (n), Nordea upgrade PNDORA DC • RBC downgrade WOS LN, Citi downgrad
e June 28 — Russell Rebalance on the close of trading July 1 — Mark Carney takes over as BOE Governor September — German elections Ike Groff 1680 Washington Blvd 'Stamford, CT 069011 It ,Description: Descrintion: I@ This e-mail and any files transmitted with it are confidential and intended only for the pers
Entities connected to both Nomura and Washington Blvd '

Lesley Groff
PERSONIke Groff
PERSON
Stanford University
LOCATION
Barack Obama
PERSON
Bloomberg L.P.
ORGANIZATION
Horizon
ORGANIZATION
Barron
PERSONBarcap
ORGANIZATIONBaird
PERSONJefferies
ORGANIZATION
Eric Trump
PERSON
Michigan
LOCATION
Piper
PERSON
Ghislaine Maxwell
PERSONUtilities
ORGANIZATION
Jeffrey Epstein
PERSON
Wells
ORGANIZATIONStifel
ORGANIZATION
Samantha Power
PERSON
David Cameron
PERSON