Epstein Secrets

grades CXS/NLY JPM downgrades CJES, Opco downgrades SYUT, Citi initiates BERY/SDLP (buy's) GS upgrades FFIV and ALB (buy), Piper upgrades SSYS/DDD, Janney initiates RBC (buy) Bofa upgrades EV, MS downgrades JNS, JMP downgrades JEF, ABN initiate CEO SS (buy) Akros downgrade PC IM, Equinet upgrade GBF G

d ALB (buy), Piper upgrades SSYS/DDD, Janney initiates RBC (buy) Bofa upgrades EV, MS downgrades JNS, JMP downgrades JEF, ABN initiate CEO SS (buy) Akros downgrade PC IM, Equinet upgrade GBF GY, Equinet upgrade WIN GY Numis upgrade ITV, Equita upgrade SNA IM, Intermonti downgrade CPR IM CBK downgrade

CS initiates PETX/IDXX/NVET/PAHCNVOOF/ZTS (op) & ABAX/PETS (up) • DA Davidson initiates T (buy) & VZ (neut), GS upgrades WHRNV & downgrades WAB ••• Janney initiates SEAS (neut), Opco initiates PSTG (pert), Stifel upgrades ARCB (buy) & cuts SNCR • Longbow downgrades BWLD & upgrades KMT, Piper downgrades

DC & ICA SS and upgrades HPOLB SS, GS upgrades ADS GY, KBC upgrades COMB BB EFTA00329453 • Handelsbanken upgrades BRG NO, SEB downgrades ABBN VX, Akros initiates ANIM IM (accumulate), CBK downgrades WCH GY • Rabobank upgrades ARCAD NA, Danske upgrades MAERSKB DC & LUN DC and downgrades KCR1V FH, CS

ced at $11.50 (midpt), Quintiles (Q) 23.7M shares priced at $40 (top-end) US Key Research: ••• Barrington downgrades PODD, Evercore downgrades RAX, Janney downgrades CODI ••• Mizuho downgrades OFIX, Wells initiates INFI (op) & upgrades AWK, Brean cuts MFB ••• DB initiates KBR/FLR/CBI/PWR/MTZ (buys) &

L FP • RBC downgrade STAN LN, SGE LN, Cantor downgrade IHG LN, SBRY LNA2A IM, u/g ICL IT, KCO GY • Numis downgrade RTN LN, Exane downgrade DELB BB, Akros downgrade MED IM, LTO IM EFTA00390787 Chev downgrade IFX GY, restart PSON LN (r), IBE SM (b), Equita downgrade PMI IM Reporting Pre-Open: AES, AP