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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
16-Mar-17RBC Capital MktsUpgradeSector PerformOutperform
21-Dec-16TD SecuritiesDowngradeBuyHold
3-Oct-16Deutsche BankUpgradeHoldBuy
7-Sep-16BerenbergInitiatedSell
9-Aug-16Morgan StanleyInitiatedEqual-Weight
2-Aug-16CitigroupInitiatedBuy
14-Jul-16JefferiesUpgradeHoldBuy
27-Jun-16CIBCUpgradeSector PerformSector Outperform
8-Apr-16Credit SuisseUpgradeNeutralOutperform
23-Mar-16Deutsche BankDowngradeBuyHold
15-Mar-16ArgusUpgradeHoldBuy
19-Feb-16Mackie ResearchDowngradeBuyHold
8-Jan-16Sterne Agee CRTUpgradeNeutralBuy
19-Aug-15MacquarieUpgradeUnderperformNeutral
7-Aug-15BarclaysUpgradeUnderweightEqual Weight
24-Jul-15CIBCInitiatedSector Perform
8-Jan-15RBC Capital MktsDowngradeOutperformSector Perform
3-Nov-14Deutsche BankDowngradeBuyHold
20-Feb-14RBC Capital MktsUpgradeSector PerformOutperform
22-Jan-14HSBC SecuritiesDowngradeNeutralUnderweight
2-Oct-13Deutsche BankUpgradeHoldBuy
9-Jul-13StifelDowngradeBuyHold
22-Apr-13Deutsche BankDowngradeBuyHold
14-Nov-12ArgusDowngradeBuyHold
16-Oct-12BarclaysInitiatedEqual Weight
28-Apr-11Stifel NicolausUpgradeHoldBuy
26-Apr-11BMO Capital MarketsDowngradeOutperformMarket Perform
23-Nov-10HSBC SecuritiesInitiatedOverweight
25-May-10Deutsche BankUpgradeHoldBuy
3-Feb-10Deutsche BankInitiatedHold
15-Jan-10BMO Capital MarketsDowngradeOutperformMarket Perform
7-Dec-09Credit SuisseDowngradeOutperformNeutral
4-Dec-09Thomas WeiselDowngradeOverweightMarket Weight
28-Aug-09Jefferies & CoInitiatedHold
11-Aug-09Dahlman RoseInitiatedHold
4-Aug-09CIBC Wrld MktsDowngradeSector OutperformSector Perform
10-Jun-09DavenportUpgradeNeutralBuy
21-Apr-09Thomas WeiselUpgradeMarket WeightOverweight
8-Apr-09CitigroupInitiatedBuy
8-Apr-09JP MorganDowngradeOverweightNeutral
2-Mar-09JP MorganUpgradeNeutralOverweight
23-Feb-09RBC Capital MktsDowngradeOutperformSector Perform
4-Feb-09UBSUpgradeNeutralBuy
26-Jan-09HSBC SecuritiesDowngradeOverweightNeutral
15-Jan-09Canaccord AdamsUpgradeHoldBuy
22-Dec-08UBSDowngradeBuyNeutral
7-Nov-08RBC Capital MktsUpgradeSector PerformOutperform
1-Aug-08Credit SuisseUpgradeNeutralOutperform
3-Jun-08CIBC Wrld MktsUpgradeSector PerformSector Outperform
28-Mar-08HSBC SecuritiesUpgradeNeutralOverweight
27-Mar-08UBSUpgradeNeutralBuy
27-Feb-08Credit SuisseDowngradeOutperformNeutral
22-Feb-08UBSDowngradeBuyNeutral
22-Jan-08Credit SuisseUpgradeNeutralOutperform
19-Oct-07BMO Capital MarketsInitiatedMarket Perform
6-Aug-07HSBC SecuritiesDowngradeOverweightNeutral
8-May-07Matrix ResearchUpgradeBuyStrong Buy
27-Feb-07Credit SuisseUpgradeUnderperformNeutral
13-Nov-06Canaccord AdamsDowngradeBuyHold
6-Nov-06BMO Capital MarketsDowngradeOutperformMarket Perform
7-Aug-06PrudentialUpgradeUnderweightNeutral
4-May-06Canaccord AdamsUpgradeHoldBuy
28-Feb-06Canaccord AdamsDowngradeBuyHold
24-Feb-06Credit SuisseDowngradeNeutralUnderperform
31-Jan-06UBSUpgradeNeutralBuy
27-Jan-06CIBC Wrld MktsDowngradeSector OutperformSector Perform
13-Sep-05CSFBDowngradeOutperformNeutral
7-Jun-05Goldman SachsDowngradeOutperformIn-Line
7-Mar-05CIBC Wrld MktsUpgradeSector PerformSector Outperform
14-Jan-05Deutsche SecuritiesUpgradeHoldBuy
18-Nov-04Smith Barney CitigroupUpgradeHoldBuy
15-Nov-04Goldman SachsUpgradeIn-LineOutperform
11-Aug-03CSFBInitiatedOutperform
29-Jul-03RBC Capital MktsDowngradeOutperformSector Perform
10-Jun-03JP MorganUpgradeUnderweightNeutral
3-Jun-03Deutsche SecuritiesUpgradeSellHold
27-Mar-03Salomon Smth BrnyDowngradeOutperformIn-line
21-Feb-03PrudentialDowngradeBuyHold
27-Sep-02UBS WarburgDowngradeStrong BuyBuy
24-Sep-02Salomon Smth BrnyInitiatedOutperform
15-Aug-02CSFBInitiatedBuy
30-Jul-02Goldman SachsUpgradeMkt PerformTrading Buy
25-Jul-02Merrill LynchUpgradeNT BuyNT Strong Buy
23-Jul-02CIBC Wrld MktsUpgradeBuyStrong Buy
31-May-02CIBC Wrld MktsUpgradeHoldBuy
29-May-02Goldman SachsDowngradeMkt OutperformMkt Perform
25-Apr-02PrudentialUpgradeHoldBuy
21-Sep-01PrudentialInitiatedHold
20-Oct-00CSFBUpgradeHoldBuy
20-Mar-00Goldman SachsDowngradeTrading BuyMarket Outperform
16-Nov-99Lehman BrothersDowngradeOutperformNeutral
28-Sep-99Lehman BrothersUpgradeNeutralOutperform
28-Sep-99Merrill LynchUpgradeLT AccumLT Buy
27-Sep-99Lehman BrothersUpgradeNeutralBuy
27-Sep-99Goldman SachsUpgradeMarket OutperformTrading Buy
27-Jul-99Goldman SachsUpgradeMarket PerformMarket Outperform
15-Jun-99ABN AMROUpgradeHoldOutperform
7-May-99Goldman SachsDowngradeOutperformMkt Perform
17-Nov-98Bear StearnsInitiatedAttractive
6-Oct-98Goldman SachsUpgradeMkt PerformerMkt Outperformer
30-Sep-98CS First BostonInitiatedHold
2-Sep-98Merrill LynchInitiatedNT/LT Accum

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