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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    1-Nov-16BofA/MerrillInitiatedBuy
    9-Jun-16MacquarieDowngradeOutperformNeutral
    8-Jan-16DesjardinsUpgradeHoldBuy
    1-Jun-15RBC Capital MktsUpgradeSector PerformOutperform
    20-May-15BofA/MerrillDowngradeNeutralUnderperform
    13-Jun-14UBSInitiatedNeutral
    3-Jan-14RBC Capital MktsInitiatedOutperform
    20-Feb-13BarclaysUpgradeEqual WeightOverweight
    28-Aug-12Stifel NicolausInitiatedHold
    7-Aug-12BarclaysUpgradeUnderweightEqual Weight
    10-Feb-12BMO Capital MarketsUpgradeMarket PerformOutperform
    17-Sep-10BMO Capital MarketsUpgradeMarket PerformOutperform
    16-Nov-09Barclays CapitalInitiatedUnderweight
    17-Sep-09CIBC Wrld MktsUpgradeSector UnderperformSector Perform
    4-May-09RBC Capital MktsUpgradeUnderperformSector Perform
    23-Oct-08BMO Capital MarketsDowngradeOutperformMarket Perform
    2-Sep-08RBC Capital MktsDowngradeSector PerformUnderperform
    16-Jun-08CitigroupDowngradeBuyHold
    3-Jun-08RBC Capital MktsUpgradeUnderperformSector Perform
    28-Apr-08RBC Capital MktsDowngradeSector PerformUnderperform
    11-Dec-06CIBC Wrld MktsUpgradeSector PerformSector Outperform

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