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standing) IPO's (filed/priced): Infraredx (REDX) files $55M IPO through RBC, Canaccord, and BMO US Key Research: • Ascendiant initiates JCI (buy), Barcap initiates AXTA (ew) & reinstates FLT (ow), CS initiates FUN (op), Wells initiates SONS (op) • Drexel initiates CRM (hold), JMP initiates ITCI (mp),
rades CRY, Stifel upgrades DEI, JMP initiates ITCI (op) ,Drexel Hamilton initiates CRM (hold) Europe Key Research: • Banca Akros upgrades CVAL IM, Barcap initiates IEH LN (ew), Bryan Gamier downgrades SOI FP, Handlesbanken cuts DNB NO/RCL • Exane cuts SOI FP/SCMN SW & upgrades AFR LN, GS initiates VM
Guardian • Are Christmas presents a waste of money? Don't listen to the Scrooge economists CityAM Key Events This Week Wednesday: Christmas Eve, MBA Mortgage Applications, BOJ Minutes Thursday: Christmas (Markets closed) Friday: Boxing Day (European markets closed), China industrial profits Nov Key Events on the Hor
) 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 initiates REE SM (buy) and ENG SM (hold), Cantor initiates ADN LN/ASHM LN/S
• Business giants walk off with our billions. No more something for nothing Guardian Key Events This Week Wednesday: Treasury's Budget Statement, MBA Mortgage Applications, Bernstein Consumer Summit (NYC), Opco Healthcare Conference (NYC), Earnings (COST, TOL, WTSL) Thursday: Nov Retail Sales, ECB publishes monthly re
onal (FI) files $500M through Barclays, Credit Suisse and Simmons US Key Research: ••• Citi upgrades BEN (buy), FWM initiates FWM (op), DB cuts AZ, Barcap upgrades HIG & cuts MLNX EFTA00390626 ••• GS cuts CTRIP (neut), Jeff upgrades ESRX/DFT (buys), KBW upgrades APO & cuts AB • RBC downgrades HIW &
f, Bofa Health Care Conf, Citi Energy/Utilities Conf, JPM Global TMT, UBS Global Financials, Earnings (A, XONE, CACH) Wednesday: European O1 GDP's, MBA Mortgage Applications, US PPI & IP, NAHB Housing Index, Empire Manufacturing, TIC Flows, BofA Global Transports Conf, BofA Global Metals/Mining/Steel Conference begins (B
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,
ogy and Internet Conference (SF), Earnings (AVP, FIS, FOSL, KO, MHP, MMC, GT, WU) Wednesday: Retail Sales, Import Price Index, Business Inventories, MBA Mortgage Applications, Eurozone IP, BOE releases Quarterly Inflation Report, Bofa Insurance Conference (NYC), Leerink Swann Global Healthcare Conference (NYC), Earnings
s (HMHC) files for $100M through Goldman and Morgan Stanley, CommScope (COMM) files $750M through JPMorgan, Deutsche and BofA US Key Research: ••• Barcap downgrades FOSL, Citi downgrades AMP, DB downgrades ALL, GS upgrades SHOO (buy) ••• Jefferies downgrades KRFT, Roth initiates CSIQ (buy) & upgrades
TSH, CVS, D, DNR, EMR, EXPD, FE, FOSL, HAR, HCN, INCE, IFF, LINTA, TAP, THC, CHRW, DIS, FSLR, MRO, NUAN) EFTA00386146 Wednesday: Consumer Credit, MBA Mortgage Applications, Earnings (DUK, DVN, GOLD, MMC, RL, TWX, CTL, FTR, MDLZ, PRU, TSLA, Thursday: July retail sales, Jobless Claims, Obama meets Greek PM, China CPI/PP
Entities connected to both Barcap and MBA Mortgage Applications

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSONBaird
PERSON
Barack Obama
PERSON
Bloomberg L.P.
ORGANIZATION
Horizon
ORGANIZATIONNomura
ORGANIZATION
Angela Merkel
PERSONJefferies
ORGANIZATIONStifel
ORGANIZATION
Stanford University
LOCATION
Wells
ORGANIZATIONEmpire Manufacturing
ORGANIZATION
François Hollande
PERSON
David Cameron
PERSON
Bernanke
PERSONSwedbank
ORGANIZATION
Philadelphia Fed
ORGANIZATIONRetail Sales
ORGANIZATION