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hold) and TCS IN (buy), Bofa reinstates IRAO RU (buy) • Mainfirst initiates PTC PL/TIT IM (op) and TEF SM (up), MS cuts TRN IM & upgrades FIVE LN • Swedbank cuts AXFO SS, Natixis cuts WHA NA, Kepler upgrades CGCBV FH (buy) • SEB Enskilda downgrades MEO1V FH and OTE1V FH (sell) SocGen initiates SOLB BB (
s priced at $30 (below range), TriVascular Tech (TRIV) 6.5M shares priced at $12 (below range), Anima Holding (ANIM IM) began trading this morning US Key Research: ••• Barcap upgrades LNC & downgrades RGA, GS upgrades GPC and SFUN (buy) • Imperial upgrades ZBRA/GDP and initiates SBGL (op), RBC initiates ATEN
G downgrade IM NA, RBS downgrade UBSN VX, Jeff downgrade LAF SJ, upgrade TCY LN • Medio upgrade AGL IM, Nordea upgrade AFB SS, downgrade NOD NO ••• Swedbank downgrade BILIA SS, upgrade TEL2B SS, Cana upgrade HG/ LN • Shore downgrade IPF LN, Vontobel upgrade WMN SW, ABN upgrade MHG NO Reporting Pre-Open:
($440M convert), TICC, WNS IPO's (filed/priced): Boise Cascade (BCC) 11.8M shares priced at $21 IPO's (lock-up expires): Manchester United (MANU) US Key Research: ••• JMP upgrades AGN, JPM downgrades TRMB/ACI, Citi upgrades CG/GCI & downgrades SLGN/CNC/MNI • CLSA downgrades DELL & upgrades CHD, Raja downgrad
s GET FP (buy), CS upgrades RWE GY, HSBC upgrades KCR1V FH, Natixis upgrades SBO AV ••• JPM adds LAND LN to focus list, Main First upgrades SREN VX, Swedbank upgrades MEDAA SS ••• Raja upgrades ITX SM, Espirito downgrades KD8 GY, Peel Hunt initiates STGR LN (buy), RBC upgrades GFS LN ••• SocGen downgrade
4M shares priced at $10 (below), Green REIT plc IPO launch (€200M+ thru JPM & Davy, pricing July 12) IPO's (lock-up expires): Tumi Holdings (TUMI) US Key Research: ••• Barcap reinstates NDAQ (ow), Citi downgrades MOSNHS, DB initiates ADS (buy) ••• Jefferies upgrades ADBE (buy), JPM upgrades BSAC & downgrades
Entities connected to both Swedbank and US Key Research

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATION
Barack Obama
PERSONJefferies
ORGANIZATIONBarcap
ORGANIZATION
Horizon
ORGANIZATION
Barron
PERSON
Stanford University
LOCATION
Marc Rich
PERSON
David Cameron
PERSONKepler
PERSONStifel
ORGANIZATIONNomura
ORGANIZATION
Piper
PERSONBaird
PERSON
Norway
LOCATION
Denmark
LOCATION
Tesco
ORGANIZATIONWashington Blvd '
ORGANIZATION