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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    8-Mar-17GoldmanDowngradeBuyNeutral
    25-Jan-17MacquarieUpgradeUnderperformNeutral
    25-Jan-17BerenbergDowngradeBuyHold
    7-Oct-16MacquarieDowngradeNeutralUnderperform
    2-Sep-16JP MorganDowngradeOverweightNeutral
    1-Sep-16JP MorganDowngradeOverweightNeutral
    28-Jun-16MacquarieUpgradeUnderperformNeutral
    27-Jun-16Credit SuisseDowngradeOutperformNeutral
    27-Jun-16CitigroupUpgradeNeutralBuy
    20-Apr-16JefferiesDowngradeBuyHold
    21-Sep-15NomuraDowngradeBuyNeutral
    23-Jul-15MacquarieDowngradeNeutralUnderperform
    22-Jul-15MacquarieDowngradeNeutralUnderperform
    6-Jul-15CitigroupDowngradeBuyNeutral
    28-May-15Raymond JamesDowngradeStrong BuyUnderperform
    4-Nov-13HSBC SecuritiesUpgradeNeutralOverweight
    17-Nov-09JP MorganDowngradeOverweightNeutral
    28-Oct-09Barclays CapitalInitiatedOverweight
    15-Sep-09Credit SuisseUpgradeNeutralOutperform
    10-Aug-09JP MorganUpgradeNeutralOverweight
    17-Jul-09BernsteinUpgradeMkt PerformOutperform
    15-May-09UBSDowngradeNeutralSell
    27-Apr-09Deutsche SecuritiesUpgradeHoldBuy
    16-Mar-09BernsteinUpgradeUnderperformMkt Perform
    17-Feb-09UBSUpgradeSellNeutral
    22-Jan-09JP MorganUpgradeUnderweightNeutral
    13-Jan-09BernsteinDowngradeMkt PerformUnderperform
    16-Dec-08JP MorganDowngradeNeutralUnderweight
    5-Dec-08Credit SuisseUpgradeUnderperformNeutral
    3-Nov-08CitigroupDowngradeBuyHold
    7-Jul-08UBSUpgradeSellNeutral
    15-Apr-08BernsteinInitiatedUnderperform
    11-Feb-08Credit SuisseDowngradeNeutralUnderperform
    8-Feb-08Lehman BrothersDowngradeOverweightEqual-weight
    7-Feb-08Bear StearnsDowngradeOutperformPeer Perform
    4-Feb-08JP MorganUpgradeUnderweightNeutral
    14-Aug-07Credit SuisseUpgradeUnderperformNeutral
    13-Jun-07Bear StearnsUpgradePeer PerformOutperform
    14-Nov-06Bear StearnsDowngradeOutperformPeer Perform
    13-Jul-06Goldman SachsDowngradeNeutralSell
    26-May-06Bear StearnsUpgradePeer PerformOutperform
    29-Jul-05Goldman SachsDowngradeIn-LineUnderperform
    1-Jul-05JP MorganInitiatedOverweight
    22-Jun-05Bear StearnsUpgradeUnderperformPeer Perform
    14-Feb-05Goldman SachsUpgradeUnderperformIn-Line
    3-Dec-98Friedman BillingsDowngradeStrong BuyHold
    1-Dec-98CS First BostonDowngradeBuyHold
    22-Oct-98Merrill LynchDowngradeLT AccumulateLT Neutral
    22-Sep-98Friedman BillingsUpgradeBuyStrong Buy

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