O • Raja initiates GBDC/HAFC (op), Vertical initiates DMRC (buy), RBC initiates PCL (op) • Jefferies upgrades EFX/EIX (buy), JPM upgrades GOGO/BWP, Longbow initiates NCLH (buy) • Piper assumes SNDK (ow) & upgrades RALY, RBC upgrades AA & cuts SO, Raja downgrades HBAN • SunTrust initiates KRO (reduce),

ades CVGI/MTOR/MOD Key Research: Guggenheim initiates CMA (neut), Stifel initiates LTM (hold), Raja upgrades SKYW, MS downgrades WM Key Research: Longbow cuts USG, Citi downgrades PNW & upgrades WCH GY, Redburn upgrades ITX SM Key Research: UBS upgrades LXS GY, Liberum downgrades LLOY LN, Canaccord d

• GS downgrades EGP, Evercore upgrades FRT (buy) & downgrades PEB, Jefferies initiates SCVL/BWS (hold) ••• JMP initiate HDP (op), RBC upgrades ARMK, Longbow downgrades WDC, Roth initiates WATT (buy) ••• Nomura, DB, JPM, GS initiate AXTA, Mizuho initiates COH/KORS (neut), PacCrest initiates DISCA (sp) & T

es RAD/RDWR (op), Jefferies cuts ED ••• Citi upgrades MTL (buy), Raja cuts GBX/QCOM/TRN, BMO upgrades HSH, JPM cuts SJM ••• FBR initiates MWW (op), Longbow initiates NAV (neut), Opco downgrades PXD Europe Key Research: ••• JEFF +ve AC FP, Berenberg reit buy ZONO PL, Panmure +ve IN LN • KepChev upgrade

ow) & PDLI (neut) & cuts EAT, Wells downgrades RGP & initiates UIL (op) ••• Baird initiates LNKD (neut), Opco downgrades RENN, BMO upgrades ARO/PSB, Longbow cuts MOLX ••• Raja downgrades BC, CS cuts CLX & upgrades RBC, Evercore initiates MHP (ew) Europe Key Research: • UBS downgrade ATLN VX, ENG SM, up

PFE (buy's) and BMY/MRK (neut's), Key initiates CTS (hold) Mizuho upgrades STJ (buy) & initiates QCOR (neut), KBW upgrades WAC, Raja & UBS cuts YUM Longbow initiates UPIP (mp) and CBM/SWK (neut's), Macquarie upgrades BRO, Wedbush initiates LNKD UBS cuts KGF LN, UBS upgrades BWY LN, Nomura upgrades TDC D

GS initiates AVGO (neut) Key Research: RBC downgrades OC, CS upgrades RAH, BMO upgrades WMGI, Macquarie upgrades LPL, Bofa cuts MGM Key Research: Longbow downgrades HOG & initiates WERN/KNX (buy's) and HTLD (neut), FBR downgrades NTLS Key Research: Macquarie downgrades BMW GR, UBS initiates PC IM (bu

s AMT (buy), BMO initiates 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), Ever