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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    6-Jul-16RBC Capital MktsDowngradeSector PerformUnderperform
    5-Apr-16Societe GeneraleUpgradeHoldBuy
    16-Nov-15Exane BNP ParibasUpgradeNeutralOutperform
    13-Nov-15BerenbergUpgradeHoldBuy
    2-Nov-15Credit AgricoleUpgradeUnderperformOutperform
    21-Sep-15RBC Capital MktsDowngradeOutperformSector Perform
    26-Aug-15ING GroupUpgradeHoldBuy
    21-Jul-15Sterne Agee CRTInitiatedBuy
    20-Jul-15NomuraDowngradeBuyNeutral
    2-Jun-15SusquehannaUpgradeNeutralPositive
    5-May-15Bryan GarnierInitiatedNeutral
    4-May-15Credit AgricoleDowngradeOutperformUnderperform
    28-Feb-14Tigress FinancialInitiatedNeutral
    10-Sep-10JefferiesInitiatedBuy
    8-Jul-10HSBC SecuritiesInitiatedOverweight
    8-Apr-10JP MorganInitiatedOverweight
    19-Feb-10Stifel NicolausDowngradeBuyHold
    18-Nov-09Stifel NicolausInitiatedBuy
    17-Sep-08Edward JonesDowngradeHoldSell
    13-Jun-08UBSDowngradeBuyNeutral
    27-May-08Deutsche SecuritiesDowngradeBuyHold
    24-Mar-08Stifel NicolausUpgradeHoldBuy
    14-Dec-07WachoviaInitiatedMkt Perform
    28-Nov-07UBSUpgradeNeutralBuy
    14-Nov-07Credit SuisseInitiatedNeutral
    20-Aug-07AG EdwardsUpgradeHoldBuy
    23-Jul-07CitigroupUpgradeSellHold
    20-Jun-07AG EdwardsDowngradeBuyHold
    16-Mar-07Bear StearnsUpgradePeer PerformOutperform
    6-Mar-07AG EdwardsUpgradeHoldBuy
    12-Jan-07Banc of America SecUpgradeNeutralBuy
    11-Jan-07BernsteinUpgradeUnderperformMkt Perform
    1-Dec-06UBSUpgradeReduceNeutral
    24-Oct-06UBSDowngradeNeutralReduce
    22-Sep-06Stifel NicolausDowngradeBuyHold
    19-Jul-06Stifel NicolausUpgradeHoldBuy
    22-Jun-06UBSUpgradeReduceNeutral
    14-Mar-06Deutsche SecuritiesUpgradeHoldBuy
    14-Mar-06Bear StearnsUpgradeUnderperformPeer Perform
    23-Feb-06Matrix ResearchUpgradeSellHold
    12-Jan-06Goldman SachsDowngradeIn-LineUnderperform
    23-Nov-05Lehman BrothersDowngradeOverweightEqual-weight
    17-Oct-05Legg MasonUpgradeSellHold
    28-Jul-05Smith Barney CitigroupDowngradeHoldSell
    21-Jul-05Bear StearnsDowngradePeer PerformUnderperform
    22-Apr-05JP MorganDowngradeOverweightNeutral
    22-Apr-05UBSDowngradeNeutralReduce
    6-Apr-05Legg MasonDowngradeHoldSell
    30-Mar-05Bear StearnsDowngradeOutperformPeer Perform
    28-Jan-05Marquis Investment ResearchInitiatedHold
    6-Jan-05Legg MasonDowngradeBuyHold
    5-Jan-05Morgan StanleyDowngradeOverweightEqual-weight
    28-Oct-04Banc of America SecDowngradeBuyNeutral
    26-Oct-04CSFBDowngradeOutperformNeutral
    17-Sep-04Deutsche SecuritiesDowngradeBuyHold
    28-May-04Morgan StanleyUpgradeEqual-weightOverweight
    6-Feb-04Legg MasonUpgradeHoldBuy
    5-Feb-04UBSDowngradeBuyNeutral
    14-Jan-04Smith Barney CitigroupInitiatedHold
    12-Jan-04Goldman SachsUpgradeUnderperformIn-Line
    6-Nov-03Bear StearnsUpgradePeer PerformOutperform
    16-Jul-03UBSUpgradeNeutralBuy
    9-Apr-03Goldman SachsDowngradeIn-LineUnderperform
    30-Jan-03Bear StearnsDowngradeOutperformPeer Perform
    22-Oct-02Morgan StanleyDowngradeOverweightEqual-weight
    10-Sep-02UBS WarburgDowngradeBuyHold
    22-Jul-02UBS WarburgUpgradeHoldBuy
    28-Jun-02Legg MasonInitiatedHold
    26-Apr-02Bear StearnsInitiatedBuy
    22-Feb-02Banc of America SecUpgradeMkt PerformBuy
    18-Jan-02PrudentialInitiatedBuy
    13-Nov-01Thomas WeiselInitiatedBuy
    8-Oct-01UBS WarburgDowngradeStrong BuyHold
    8-Oct-01Deutsche Bc Alex. BrDowngradeStrong BuyBuy
    4-Oct-01Morgan StanleyInitiatedOutperform
    9-Aug-01CSFBInitiatedBuy
    7-Jun-01Banc of America SecInitiatedMkt Perform
    18-May-01ABN AMROInitiatedBuy
    21-Nov-00Deutsche Bc Alex. BrInitiatedStrong Buy
    15-Nov-00Salomon Smth BrnyDowngradeBuyOutperform
    15-Nov-00CSFBDowngradeBuyHold
    15-Nov-00AG EdwardsDowngradeAccumulateMaintain Position
    8-Aug-00Banc of America SecInitiatedBuy
    7-Jul-00ING BaringsInitiatedBuy
    11-May-00Warburg Dillon ReadInitiatedStrong Buy
    27-Apr-00AG EdwardsDowngradeBuyAccumulate
    27-Apr-00Mrgn Stnly Dn WttrDowngradeStrong BuyOutperform
    29-Feb-00Mrgn Stnly Dn WttrUpgradeOutperformStrong Buy
    22-Feb-00AG EdwardsUpgradeMaintain PositionBuy
    26-Jan-00Deutsche Bc Alex. BrInitiatedBuy
    13-Jan-00PaineWebberInitiatedBuy
    17-Nov-99DLJUpgradeMarket PerformBuy
    1-Jul-99Schroder & CoUpgradeOutperformOutperf. Signif.
    13-Apr-99Merrill LynchDowngradeNT BuyNT Accumulate
    26-Feb-99Salomon Smth BrnyUpgradeOutperformBuy
    22-Feb-99JP MorganUpgradeMkt PerformBuy
    4-Feb-99Schroder & CoUpgradePerform In LineOutperform
    14-Dec-98CS First BostonUpgradeHoldStrong Buy
    2-Oct-98Lehman BrosUpgradeNeutralBuy
    25-Sep-98PrudentialUpgradeAccumulateStrong Buy
    27-Aug-98Merrill LynchUpgradeNT AccumulateNT Buy
    10-Aug-98Salomon Smth BrnyUpgradeOutperformBuy
    31-Jul-98Merrill LynchUpgradeNT/LT NeutralNT/LT Accum
    23-Jul-98Mgn Stnly Dn WitterUpgradeNeutralOutperform
    23-Jul-98Goldman SachsUpgradeMkt PerformerRecomm. List
    23-Jul-98DLJUpgradeUnderperformMkt Perform

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