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pgrades CAKE & downgrades PFCB/SQNM/CTRP Key Research: Ticonderoga initiates CE (buy), Janney downgrades BMI, SunTrust downgrades CAD Key Research: William Blair initiates DLLR/FNGN/GDOT/MGI/WXS (op's) & ADS/DFS (mp's) & assumes AXP/CATM/MA/V/WU/COF Reporting Pre-Open: BAC, CHKP, EMX, FRX, GPC, GS, GWW, HOG,
l initiates AA (buy), SocGen initiates BRCM (buy) & QCOM (hold), MEM initiates NVR (buy) Key Research: BMO downgrades IBM, DB initiates COH (hold), Stifel initiates AA (buy), Think initiates PETM (buy) Key Research: GS upgrades AKS and VMW (conviction buy) & downgrades HAS and X/AONE/WHR (sell) Key
Holding (COMM), Sprague Resources (SRLP), Endurance International (EIGI) IPO's (filing/priced): Ulthera (ULTH) files $86.3M IPO through JPM, Citi, William Blair and Canaccord, Heritage Insurance Holdings (1598665) files for $100M IPO through Citi, Papa Murphy's Holdings (FRSH) launches IPO (anticipated prici
ies assumes NKTR/PCRX/SHPG/SLXP/TEVANRX (buy) & AGN/SGNT/SUPN (hold) ••• KBW upgrades LION, Raja initiates ERIC (mp), Roth initiates GSVC (buy) ••• Stifel initiates EVDY (buy), Citi upgrades AZN (buy), Piper assumes RKUS (ow) EFTA00370850 • Stifel cuts CWH (sell), Raja upgrades MAIN/RUTH and GRGI (st
D/LIFE (hold), Stifel initiates OMTH (buy) ••• Wells initiates CHS/KORS/ANF/GPS/URBN (op) & ANN/JWN/KSS/LULU/M/RUE/TJX/TIF/AEO (mp) & JCP (up) ;••• William Blair initiates CMRX (op), Opco upgrades APO, Piper initiates OMTH (ow), JPM downgrades RBS ;••• JMP downgrades IRF, Wells initiates WAC (mp) Europe Key
S initiates PF (neut) & MDVN/BMRN (buys) & initiates INFI/PCYC/SGEN (neut's) & INCY (sell) • ISI downgrades HOLX, Jefferies assumes MTD/LIFE (hold), Stifel initiates OMTH (buy) ••• Wells initiates CHS/KORS/ANF/GPS/URBN (op) & ANN/JWN/KSS/LULU/M/RUE/TJX/TIF/AEO (mp) & JCP (up) ;••• William Blair initiat
Entities connected to both William Barr and Stifel

Jeffrey Epstein
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Ghislaine Maxwell
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George W. Bush
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Marc Rich
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Joe Biden
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Bloomberg L.P.
ORGANIZATIONMartin Weinberg
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Barack Obama
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Eric Trump
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Tony Blair
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Michael Jackson
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Michigan
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Lesley Groff
PERSONCourtney Wild
PERSONEmmy Taylor
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Paul Ryan
PERSONJefferies
ORGANIZATION
Samantha Power
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Hillary Clinton
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Credit Suisse
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