BF), Fuel Cell Energy (FCEL), First Republic Bank (FRC) US Key Research: EFTA00370947 • BMO initiates RFMD/SWKS/TWNT (mp), DB upgrades EFX (buy), Leerink downgrades MDCO • Raja initiates GBDC/HAFC (op), Vertical initiates DMRC (buy), RBC initiates PCL (op) • Jefferies upgrades EFX/EIX (buy), JPM upgr

(filed/priced): Tracon Pharmaceuticals (ICON) files $57.5M IPO through Wells Fargo and Stifel, Carbylan Therapeutics (CBYL) files $86.3M IPO through Leerink US Key Research: • DA Davidson initiates QLGC (buy), DB initiates CNV (hold), JMP initiates PTX (op), MLV downgrades ARR • Topeka initiates GPOR (