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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    13-Dec-16HSBC SecuritiesUpgradeHoldBuy
    28-Jun-16BofA/MerrillUpgradeNeutralBuy
    5-May-16HSBC SecuritiesUpgradeHoldBuy
    13-Apr-16HSBC SecuritiesDowngradeBuyHold
    21-Sep-15Credit SuisseDowngradeOutperformNeutral
    2-Mar-09JP MorganDowngradeOverweightNeutral
    29-Apr-08HSBC SecuritiesUpgradeUnderweightNeutral
    9-Oct-07HSBC SecuritiesDowngradeOverweightUnderweight
    6-Jun-07JP MorganUpgradeNeutralOverweight
    23-May-07HSBC SecuritiesDowngradeOverweightNeutral
    21-Feb-07CitigroupDowngradeHoldSell
    14-Feb-07BMO Capital MarketsDowngradeOutperformMarket Perform
    4-Oct-06Bear StearnsDowngradeOutperformPeer Perform
    14-Jun-06BMO Nesbitt BurnsUpgradeMarket PerformOutperform
    6-Jun-06UBSUpgradeNeutralBuy
    31-May-06Goldman SachsDowngradeIn-LineUnderperform
    26-Apr-06Bear StearnsUpgradePeer PerformOutperform
    26-Jan-06HSBC SecuritiesUpgradeNeutralOverweight
    20-Jan-06UBSDowngradeNeutralReduce
    1-Dec-05UBSUpgradeNeutralBuy
    27-Oct-05Bear StearnsDowngradeOutperformPeer Perform
    24-Oct-05UBSUpgradeReduceNeutral
    20-Dec-04JP MorganDowngradeNeutralUnderweight
    30-Mar-04JP MorganDowngradeOverweightNeutral
    27-Jan-03Bear StearnsInitiatedOutperform
    6-Sep-02Goldman SachsDowngradeRecomm ListMkt Perform
    7-Jan-02Goldman SachsUpgradeMkt OutperformRecomm List
    12-Apr-01Goldman SachsDowngradeRecomm ListMkt Perform
    11-Apr-01JP MorganDowngradeBuyLT Buy
    19-Oct-00Dresdner Klnwrt BnsnUpgradeAddBuy
    10-May-00Merrill LynchDowngradeNT BuyNT Accum
    10-May-00Merrill LynchUpgradeLT NeutralLT Accum
    2-Sep-99Salomon Smth BrnyDowngradeBuyOutperform

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