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iles (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) & MDR/JEC (holds), Jefferies c
Australia April employment +50,100 m/m versus estimate +11,000 (unemployment rate 5.5% ) EFTA00390786 Leading European Sectors: Basic Res +0.74%, Fin Services +0.30% Lagging European Sectors: Utilities -0.80%, Retail -0.61%, Healthcare -0.45% SIX 2-for-1 split — MSFT new cfo - HOTT comps fell SPRD guides
s), APO, BIP, FLT, JMI, REN, ISIS, DE NA EFTA00390703 IPO's: Armada Hoffler Properties (AHH) 16.5M-shares priced at $11.50 US Key Research: ••• Mizuho upgrades MYGN (buy), Piper initiates CRI/PLCE (CRI), Citi upgrades AME (buy) & cuts IEX • Barcap upgrades BAX, Opco cuts CA/TWTC, Baird downgrades C
mate +9.2%) Leading European Sectors: Retail +0.71%, Basic Res +0.68%, Construction +0.57% Lagging European Sectors: Trav/Les -0.18%, Banks -0.16%, Fin Services -0.12% PSE acquisition proposal PXD — WBMD raises view — OCLR loss wider RBCN Q1 loss — VCLK outlook light — ARAY cuts view but trading up 15% DMD
ates CSL (mp), DA Davidson cuts MDU ••• Susquehanna initiates GES (neut), Key downgrades PZZA, Brean downgrades ITRI (sell) • Longbow upgrades RBC, Mizuho downgrades ENTR, RBC downgrades RBC, JPM upgrades YELP ••• FBR initiates GPS/CRI (op) & ASNA (up) & ANN/CHS/PLCEJLTD (mp), Evercore initiates EVC (o
profit comes in much better than consensus, raises FY sales forecast (out after the close) Leading European Sectors: Basic Res +2.11%, Banks +1.68%, Fin Services +1.24% Lagging European Sectors: Healthcare -0.37%, Oil & Gas -0.01%, Real Estate +0.53% THOR eps/revs beat — TRLA sees revs above — STMP boost for
Entities connected to both Mizuho and Fin Services

Lesley Groff
PERSONIke Groff
PERSONJefferies
ORGANIZATION
Barron
PERSON
Barack Obama
PERSON
Stanford University
LOCATIONNomura
ORGANIZATIONBarcap
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
Wells
ORGANIZATION
Horizon
ORGANIZATIONBaird
PERSON
Michigan
LOCATIONWashington Blvd '
ORGANIZATION
Draghi
PERSONStifel
ORGANIZATIONUS Key Research
ORGANIZATIONBeren
PERSONOriel
PERSONCantor
PERSON