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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
8-Feb-17Exane BNP ParibasUpgradeUnderperformNeutral
30-Jan-17ABN AmroInitiatedBuy
19-Jan-17CitigroupDowngradeBuyNeutral
19-Dec-16BofA/MerrillUpgradeNeutralBuy
17-Aug-16BofA/MerrillDowngradeBuyNeutral
19-Apr-16SusquehannaDowngradePositiveNeutral
31-Mar-16Exane BNP ParibasDowngradeNeutralUnderperform
21-Jan-16Bryan GarnierUpgradeNeutralBuy
28-Aug-15BerenbergUpgradeHoldBuy
2-Jul-15LiberumDowngradeHoldSell
16-Apr-15CitigroupUpgradeNeutralBuy
27-Aug-14StifelInitiatedHold
17-Oct-13HSBC SecuritiesDowngradeOverweightNeutral
28-Aug-13Northland CapitalInitiatedOutperform
25-Apr-13HSBC SecuritiesInitiatedOverweight
28-Aug-12Deutsche BankDowngradeHoldSell
13-Mar-12RBC Capital MktsInitiatedOutperform
11-Jan-10FBR CapitalUpgradeMkt PerformOutperform
15-Oct-09CitigroupDowngradeHoldSell
11-Sep-09Jefferies & CoUpgradeHoldBuy
12-Jun-09Barclays CapitalInitiatedOverweight
16-Apr-09CitigroupDowngradeBuyHold
16-Apr-09Jefferies & CoUpgradeUnderperformHold
13-Feb-09Deutsche SecuritiesUpgradeHoldBuy
20-Jan-09Deutsche SecuritiesInitiatedHold
8-Jan-09Friedman BillingsDowngradeOutperformMkt Perform
19-Dec-08JP MorganUpgradeNeutralOverweight
18-Dec-08Caris & CompanyDowngradeAbove AverageAverage
1-Dec-08Jefferies & CoInitiatedUnderperform
27-Oct-08UBSUpgradeNeutralBuy
25-Sep-08Caris & CompanyDowngradeBuyAbove Average
27-Aug-08Piper JaffrayInitiatedBuy
4-Apr-08JP MorganDowngradeOverweightNeutral
27-Mar-08Friedman BillingsUpgradeMkt PerformOutperform
30-Nov-07UBSInitiatedBuy
8-Oct-07Friedman BillingsDowngradeOutperformMkt Perform
21-Aug-07Friedman BillingsUpgradeMkt PerformOutperform
7-Jun-07BernsteinUpgradeMkt PerformOutperform
10-Apr-07Caris & CompanyInitiatedBuy
10-Apr-07Thomas WeiselDowngradeOverweightMarket Weight
20-Dec-06Thomas WeiselInitiatedOverweight
10-Oct-06UBSUpgradeNeutralBuy
6-Jun-06Susquehanna FinancialInitiatedNeutral
30-May-06Credit SuisseUpgradeUnderperformNeutral
15-May-06Lehman BrothersDowngradeEqual-weightUnderweight
23-Feb-06UBSDowngradeBuyNeutral
7-Dec-05BernsteinDowngradeOutperformMkt Perform
29-Nov-05Deutsche SecuritiesDowngradeBuyHold
14-Oct-05Banc of America SecUpgradeSellBuy
18-Aug-05Friedman BillingsInitiatedOutperform
14-Jul-05Smith Barney CitigroupDowngradeBuyHold
29-Jun-05CSFBDowngradeOutperformNeutral
3-Jun-05PrudentialInitiatedOverweight
23-May-05CIBC Wrld MktsDowngradeSector OutperformSector Perform
18-Feb-05Moors & CabotInitiatedBuy
18-Jan-05Jefferies & CoUpgradeHoldBuy
4-Nov-04Jefferies & CoInitiatedHold
14-Oct-04Needham & CoInitiatedBuy
14-May-04Schwab SoundviewInitiatedNeutral
12-May-04UBSDowngradeBuyNeutral
21-Jan-04Banc of America SecDowngradeNeutralSell
20-Jan-04Merrill LynchUpgradeNeutralBuy
17-Nov-03Deutsche SecuritiesUpgradeHoldBuy
14-Nov-03Merrill LynchDowngradeBuyNeutral
3-Oct-03Merrill LynchUpgradeNeutralBuy
25-Aug-03Soundview TechnologyInitiatedOutperform
21-Aug-03Lehman BrothersUpgradeEqual-weightOverweight
14-Jul-03Smith Barney CitigroupUpgradeIn-lineOutperform
7-Jul-03PrudentialInitiatedHold
6-Jun-03Merrill LynchDowngradeBuyNeutral
16-Apr-03Banc of America SecInitiatedNeutral
11-Apr-03Needham & CoInitiatedBuy
19-Dec-02Salomon Smth BrnyDowngradeOutperformIn-line
7-Nov-02JP MorganInitiatedOverweight
7-Oct-02UBS WarburgDowngradeHoldSell
2-Oct-02Banc of America SecUpgradeUnderperformMkt Perform
1-Oct-02CIBC Wrld MktsUpgradeSector PerformSector Outperform
3-May-02Deutsche SecuritiesDowngradeBuyMkt Perform
11-Mar-02Deutsche Bc Alex. BrDowngradeStrong BuyBuy
4-Feb-02Goldman SachsUpgradeMkt OutperformRecomm List
9-Jan-02Salomon Smth BrnyUpgradeOutperformBuy
25-Sep-01Deutsche Bc Alex. BrUpgradeBuyStrong Buy
4-Sep-01Merrill LynchUpgradeNT NeutralNT Buy
7-Aug-01CSFBDowngradeBuyHold
26-Jul-01ABN AMRODowngradeBuyHold
6-Jul-01Bear StearnsDowngradeAttractiveNeutral
16-May-01Goldman SachsDowngradeRecomm ListMkt Outperform
10-May-01Morgan StanleyUpgradeOutperformStrong Buy
12-Apr-01Salomon Smth BrnyUpgradeNeutralBuy
16-Mar-01Robertson StephensDowngradeBuyLT Attractive
14-Feb-01JP MorganUpgradeMkt PerformLT Buy
31-Jan-01CIBC Wrld MktsUpgradeHoldStrong Buy
13-Dec-00Merrill LynchDowngradeNT BuyNT Accum
17-Oct-00Chase H&QDowngradeBuyMarket Perform
22-Sep-00CIBC Wrld MktsDowngradeStrong BuyHold
5-Apr-00Adams HarknessUpgradeMarket PerformAccumulate
21-Jan-00Mrgn Stnly Dn WttrDowngradeStrong BuyOutperform
8-Dec-99Lehman BrothersInitiatedOutperform
3-Aug-99Bear StearnsInitiatedAttractive
26-Jul-99HSBC SecuritiesDowngradeReduceSell
1-Jul-99Hambrecht & QuistInitiatedBuy
21-Jun-99Southwest SecInitiatedAccumulate
17-May-99CIBC OppenheimerUpgradeBuyStrong Buy
16-Mar-99Mrgn Stnly Dn WttrUpgradeOutperformStrong Buy
3-Mar-99Merrill LynchUpgradeNT AccumulateNT Buy

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