Epstein Secrets

ed 4.25 Secondaries (announced/priced): N/A IPO's: N/A Key Research: Key Research: ABVT Key Research: (ow) Key Research: BMC Key Research: Barcap upgrades HTWR/AZN LN & downgrades NOVOB DC, BMO downgrades CHSI JPM upgrades ARM LN & initiates PPG (ow), RBC initiates IPHI (op) & downgrades MS u

N/A IPO's: N/A Key Research: Key Research: ABVT Key Research: (ow) Key Research: BMC Key Research: Barcap upgrades HTWR/AZN LN & downgrades NOVOB DC, BMO downgrades CHSI JPM upgrades ARM LN & initiates PPG (ow), RBC initiates IPHI (op) & downgrades MS upgrades GLE FP & initiates FFIV (ow) and FD

K) files for 15.75M shares IPO through Chardan Capital and Maxim Group, Black Knight Financial Services (BKFS) files $100M IPO US Key Research: .' Barcap initiates VA (ow), DB initiates VA (buy), MLB initiates EFC (hold) & HALO (buy) ••• Ladenberg downgrades MMM, Wells initiates ACAT (mp) Europe Key

soon at 'significant premium" (Bloomberg) • Equinix board approves REIT conversion effective for taxable year beginning Jan 1 2015 • Novo Nordisk (NOVOB DC): Saxenda wins FDA approval to treat obesity (was expected) • HeidelbergCement sells Hanson Building Products unit for $1.4B to Lone Star Funds •

y'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 initiates USAC (ow) • Key upgrades KNX/SWFT/HTLD (buy's) Europe Key Research: • Citi downgrade TCG LN, Nomura upgrade ETL FP, JPM upgrade BBVASM,

opean markets mostly higher with Spain & Italy underperforming -0.25%. Volumes tracking — 90% of 20day average. In single stock news, Novo Nordisk (NOVOB DC) trading -11.7% after the FDA denied approval of its diabetic drug. SPA's +3 handles = 1515.60 last. "'EU Fin Min meeting today & tomorrow, Steme A

K (neut), Bofa upgrades ZNGA (buy) EFTA00396307 ••• Lazard initiates RPRX/NBIXNNDA (buy's), Mizuho upgrades APKT, Opco upgrades CFR & cuts ASBC • Barcap upgrades AWI/DHI & cuts RYUKBH/PHM/RLGY/TOL & initiates HCP/VTR (ew) & HCN (ow) ••• Nomura downgrades CIT, Wedbush initiates DENN (op), Opco cuts AS

owngrade NRG FP, Nordea downgrade TOP DC, JEFF downgrade BKG LN, SEB downgrade ATEA NO, • Nordea downgrade TOP DC, ASSAB SS, ENEA SS, Helvea upgrade NOVOB DC, Danske downgrade HUH1v FH ••• Kepler downgrade BAER VX, RIA FP, upgrade RUKN VX, Cant +ve UHR VX, Cowen initiate ASML NA (op) Investec downgrade P