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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    25-Nov-15HSBC SecuritiesDowngradeHoldReduce
    13-Oct-15RBC Capital MktsDowngradeOutperformSector Perform
    7-Oct-15Morgan StanleyUpgradeUnderweightEqual-Weight
    2-Oct-15CIBCDowngradeSector PerformSector Underperform
    22-Sep-15Credit SuisseDowngradeOutperformNeutral
    14-Sep-15RBC Capital MktsUpgradeUnderperformSector Perform
    31-Jul-15Exane BNP ParibasUpgradeUnderperformNeutral
    15-Jul-15Credit SuisseUpgradeNeutralOutperform
    13-May-15MacquarieDowngradeOutperformNeutral
    5-May-15RBC Capital MktsDowngradeSector PerformUnderperform
    16-Apr-15GoldmanDowngradeNeutralSell
    15-Aug-14RBC Capital MktsUpgradeUnderperformSector Perform
    8-Feb-13HSBC SecuritiesUpgradeNeutralOverweight
    12-Oct-12HSBC SecuritiesDowngradeOverweightNeutral
    18-May-12RBC Capital MktsDowngradeOutperformSector Perform
    25-Jan-11HSBC SecuritiesDowngradeOverweightNeutral
    18-Jan-11RBC Capital MktsUpgradeSector PerformOutperform
    24-Mar-10JP MorganUpgradeUnderweightOverweight
    3-Feb-10UBSUpgradeNeutralBuy
    7-Dec-09RBC Capital MktsDowngradeSector PerformUnderperform
    19-Oct-09Deutsche SecuritiesUpgradeHoldBuy
    17-Sep-09Barclays CapitalDowngradeOverweightEqual Weight

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