ock-up expiration): Waterstone Financial (WSBF), 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) •