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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    21-Nov-16Standpoint ResearchDowngradeBuyHold
    4-Nov-16Credit SuisseDowngradeOutperformNeutral
    13-Sep-16BofA/MerrillDowngradeBuyUnderperform
    13-Sep-16CLSAUpgradeUnderperformOutperform
    5-Aug-16CLSAUpgradeSellUnderperform
    9-Jun-16Credit AgricoleDowngradeUnderperformSell
    5-Jan-16CitigroupUpgradeSellNeutral
    21-Oct-15TD SecuritiesDowngradeBuyHold
    17-Jun-15Credit AgricoleDowngradeOutperformUnderperform
    22-Apr-15CitigroupDowngradeNeutralSell
    22-Jan-15Standpoint ResearchDowngradeBuyHold
    21-Jan-15Miller TabakDowngradeBuyHold
    30-May-14Standpoint ResearchInitiatedAccumulate
    4-Dec-13RBC Capital MktsInitiatedOutperform
    4-Nov-13HSBC SecuritiesUpgradeNeutralOverweight
    21-Aug-13HSBC SecuritiesDowngradeOverweightNeutral
    5-Aug-13StifelDowngradeBuyHold
    18-Apr-13HSBC SecuritiesInitiatedOverweight
    12-Mar-13BMO Capital MarketsDowngradeOutperformMarket Perform
    22-Feb-13Dahlman RoseDowngradeBuySell
    25-Jan-13Dahlman RoseUpgradeHoldBuy
    15-Aug-12BarclaysInitiatedOverweight
    2-Aug-12Dahlman RoseDowngradeBuyHold
    25-Jun-12Dahlman RoseUpgradeHoldBuy
    29-Mar-12Stifel NicolausInitiatedBuy
    27-Oct-11RBC Capital MktsInitiatedOutperform
    21-Oct-10Stifel NicolausUpgradeHoldBuy
    5-Mar-10Deutsche BankInitiatedBuy
    10-Feb-10Thomas WeiselUpgradeUnderweightMarket Weight
    14-Jan-10Dahlman RoseDowngradeBuyHold
    8-Jan-10CitigroupUpgradeHoldBuy
    8-Dec-09BMO Capital MarketsUpgradeMarket PerformOutperform
    7-Dec-09UBSUpgradeNeutralBuy
    22-Oct-09Credit SuisseInitiatedOutperform
    9-Oct-09Dahlman RoseInitiatedBuy
    13-Aug-09Thomas WeiselInitiatedUnderweight
    11-Jun-09Sterne AgeeInitiatedBuy
    22-May-09CitigroupUpgradeSellHold
    26-Feb-09UBSDowngradeBuyNeutral
    4-Nov-08CitigroupUpgradeHoldBuy
    3-Oct-08Canaccord AdamsDowngradeBuyHold
    26-Sep-08CitigroupDowngradeBuyHold
    24-Jul-08Scotia CapitalDowngradeSector OutperformSector Perform
    9-Jul-08Canaccord AdamsInitiatedBuy
    19-Jun-08Credit SuisseDowngradeOutperformNeutral
    6-May-08RBC Capital MktsUpgradeSector PerformOutperform
    19-Dec-07CIBC Wrld MktsUpgradeSector PerformSector Outperform
    5-Dec-07BMO Capital MarketsUpgradeMarket PerformOutperform
    2-Nov-07CIBC Wrld MktsDowngradeSector OutperformSector Perform
    15-Oct-07CIBC Wrld MktsUpgradeSector PerformSector Outperform
    4-Oct-07Credit SuisseInitiatedOutperform
    26-Sep-07CIBC Wrld MktsDowngradeSector OutperformSector Perform
    17-Aug-07CIBC Wrld MktsUpgradeSector PerformSector Outperform
    22-Jun-07CitigroupUpgradeHoldBuy
    30-Apr-07CitigroupDowngradeBuyHold
    2-Apr-07CIBC Wrld MktsDowngradeSector OutperformSector Perform
    14-Dec-06UBSDowngradeBuyNeutral
    9-Oct-06Credit SuisseDowngradeOutperformNeutral
    5-Oct-06Banc of America SecUpgradeSellNeutral
    26-Sep-06CitigroupInitiatedBuy
    23-Jun-06UBSUpgradeNeutralBuy
    15-Jun-06Credit SuisseUpgradeNeutralOutperform
    9-Jun-06Banc of America SecInitiatedSell
    10-Feb-06CIBC Wrld MktsUpgradeSector PerformSector Outperform
    7-Nov-05CSFBDowngradeOutperformNeutral
    21-Jun-05JP MorganDowngradeOverweightNeutral
    19-May-05CIBC Wrld MktsUpgradeSector UnderperformSector Perform
    15-Mar-05CIBC Wrld MktsDowngradeSector PerformSector Underperform
    11-Jan-05CSFBInitiatedOutperform
    7-Jan-05CSFBInitiatedOutperform
    15-Dec-04Merrill LynchDowngradeBuyNeutral
    7-Apr-04UBSDowngradeBuyNeutral
    10-Sep-03JP MorganUpgradeUnderweightOverweight
    3-Sep-03RBC Capital MktsUpgradeSector PerformOutperform
    3-Jun-03RBC Capital MktsDowngradeOutperformSector Perform
    30-May-03JP MorganDowngradeOverweightUnderweight
    14-May-03CIBC Wrld MktsDowngradeSector PerformSector Underperform
    12-Aug-02Merrill LynchUpgradeNT Neutral/LT NeutralNT Buy/LT Buy
    19-Oct-01CIBC Wrld MktsInitiatedBuy
    22-May-01Merrill LynchUpgradeNT AccumNT Buy
    2-May-01Salomon Smth BrnyUpgradeNeutralBuy
    4-Dec-00CSFBUpgradeHoldBuy
    13-Oct-00CSFBInitiatedHold
    14-Jun-00JP MorganDowngradeLT BuyMkt Perform
    24-May-00Deutsche Bc Alex. BrDowngradeStrong BuyBuy
    20-Aug-99CIBC World MarketsDowngradeStrong BuyBuy
    15-Apr-99Salomon Smth BrnyInitiatedNeutral
    25-Feb-99Merrill LynchInitiatedNT/LT Buy
    14-Jan-99CS First BostonDowngradeBuyHold
    22-Oct-98Mrgn Stnly Dn WttrInitiatedNeutral
    2-Sep-98Deutsche BankInitiatedBuy

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