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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    3-Apr-17JP MorganInitiatedNeutral
    7-Mar-17ArgusInitiatedBuy
    11-Jan-17UBSUpgradeNeutralBuy
    9-Jan-17BarclaysInitiatedOverweight
    16-Dec-16CLSAUpgradeOutperformBuy
    6-Dec-16StifelDowngradeBuyHold
    10-Oct-16GoldmanDowngradeBuyNeutral
    19-Jul-16Societe GeneraleUpgradeHoldBuy
    1-Jun-16StifelInitiatedBuy
    1-Jun-16BofA/MerrillInitiatedBuy
    31-May-16GoldmanInitiatedBuy
    14-Apr-16StifelUpgradeHoldBuy
    8-Sep-15RBC Capital MktsDowngradeOutperformSector Perform
    13-Aug-15Credit AgricoleUpgradeUnderperformOutperform
    7-Aug-15Gabelli & CoDowngradeBuyHold
    6-Aug-15ArgusDowngradeBuySell
    4-Mar-14UBSInitiatedNeutral
    26-Nov-13RBC Capital MktsInitiatedOutperform
    16-May-13StifelDowngradeBuyHold
    5-Oct-10ArgusDowngradeBuyHold
    1-Jun-10Stifel NicolausUpgradeHoldBuy
    24-Nov-09CitigroupInitiatedHold
    17-Sep-09Stifel NicolausUpgradeHoldBuy
    13-Aug-09UBSUpgradeNeutralBuy
    5-Aug-09ArgusUpgradeHoldBuy
    15-Jul-09Credit SuisseUpgradeNeutralOutperform
    15-May-09JP MorganDowngradeOverweightNeutral
    9-Jul-08Stifel NicolausDowngradeBuyHold
    14-Nov-07Credit SuisseInitiatedNeutral
    2-Nov-07CitigroupUpgradeHoldBuy
    19-Sep-07Deutsche SecuritiesDowngradeBuyHold
    26-Jun-07Stifel NicolausUpgradeHoldBuy
    13-Feb-07CitigroupDowngradeBuyHold
    13-Nov-06Goldman SachsDowngradeNeutralSell
    20-Oct-06Stifel NicolausDowngradeBuyHold
    21-Jun-06Morgan StanleyUpgradeEqual-weightOverweight
    15-Jun-06HSBC SecuritiesUpgradeNeutralOverweight
    5-Apr-06Stifel NicolausUpgradeHoldBuy
    16-Mar-06UBSUpgradeNeutralBuy
    17-Feb-06PrudentialInitiatedNeutral
    30-Jan-06Deutsche SecuritiesUpgradeHoldBuy
    19-Dec-05LongbowInitiatedNeutral
    28-Oct-05Bear StearnsDowngradeOutperformPeer Perform
    26-Oct-05Legg MasonDowngradeBuyHold
    20-Sep-05Lehman BrothersDowngradeOverweightEqual-weight
    14-Feb-05BernsteinDowngradeMkt PerformUnderperform
    31-Jan-05Legg MasonUpgradeHoldBuy
    21-Jan-05UBSUpgradeReduceNeutral
    10-Sep-04UBSDowngradeBuyReduce
    29-Jul-04JP MorganUpgradeUnderweightNeutral
    29-Jul-04CSFBDowngradeOutperformNeutral
    30-Apr-04Goldman SachsDowngradeOutperformIn-Line
    29-Apr-04UBSUpgradeNeutralBuy
    29-Mar-04Bear StearnsUpgradePeer PerformOutperform
    27-Feb-04UBSDowngradeBuyNeutral
    20-Feb-04Bear StearnsDowngradeOutperformPeer Perform
    30-Jan-04Bear StearnsUpgradePeer PerformOutperform
    16-Oct-03Legg MasonDowngradeBuyHold
    1-Oct-03CSFBUpgradeNeutralOutperform
    14-Aug-03Smith Barney CitigroupUpgradeIn-lineOutperform
    7-Aug-03Legg MasonUpgradeHoldBuy
    8-Jul-03Morgan StanleyUpgradeUnderweightEqual-weight
    12-Jun-03Smith Barney CitigroupUpgradeUnderperformIn-line
    11-Feb-03Salomon Smth BrnyInitiatedUnderperform
    22-Oct-02Morgan StanleyDowngradeEqual-weightUnderweight
    13-Sep-02Goldman SachsUpgradeMkt OutperformRecomm List
    28-Jun-02Legg MasonInitiatedHold
    12-Jun-02Goldman SachsUpgradeMkt PerformMkt Outperform
    23-Jan-02UBS WarburgDowngradeStrong BuyBuy
    18-Jan-02PrudentialInitiatedHold
    5-Dec-01Deutsche Bc Alex. BrUpgradeMkt PerformBuy
    5-Dec-01Morgan StanleyUpgradeNeutralOutperform
    5-Dec-01CSFBUpgradeHoldBuy
    5-Dec-01UBS WarburgUpgradeBuyStrong Buy
    13-Nov-01Thomas WeiselInitiatedMkt Perform
    18-Oct-01UBS WarburgUpgradeHoldBuy
    4-Oct-01Morgan StanleyInitiatedNeutral
    9-Aug-01CSFBInitiatedHold
    9-May-01Banc of America SecInitiatedMkt Perform
    29-Mar-01CSFBDowngradeBuyHold
    29-Mar-01Goldman SachsDowngradeRecomm ListMkt Perform
    1-Mar-01CSFBUpgradeHoldBuy
    11-Dec-00Salomon Smth BrnyDowngradeOutperformNeutral
    23-Nov-00AG EdwardsDowngradeBuyMaintain Position
    22-Nov-00AG EdwardsDowngradeBuyMaintain Position
    21-Nov-00Deutsche Bc Alex. BrInitiatedMkt Perform
    15-Nov-00Banc of America SecDowngradeStrong BuyBuy
    6-Sep-00Merrill LynchDowngradeLT BuyLT Accum
    6-Sep-00CSFBInitiatedBuy
    8-Aug-00Banc of America SecInitiatedStrong Buy
    17-May-00Bear StearnsDowngradeBuyNeutral
    17-May-00AG EdwardsUpgradeMaintain PositionBuy
    16-May-00Mrgn Stnly Dn WttrDowngradeOutperformNeutral
    16-May-00Merrill LynchDowngradeNT BuyNT Neutral
    16-May-00JP MorganDowngradeBuyMkt Perform
    11-May-00Warburg Dillon ReadInitiatedHold
    16-Feb-00Mrgn Stnly Dn WttrDowngradeStrong BuyOutperform
    26-Jan-00Deutsche Bc Alex. BrInitiatedBuy
    26-Jan-00Banc of America SecUpgradeMarket PerformBuy
    13-Jan-00PaineWebberInitiatedNeutral
    13-Dec-99Goldman SachsUpgradeMarket OutperformRecommended List
    2-Dec-99DLJDowngradeBuyMarket Perform
    14-Sep-99Banc of America SecDowngradeBuyMarket Perform
    28-May-99Banc of America SecInitiatedBuy
    21-Apr-99Schroder & CoUpgradePerform In LineOutperform
    13-Apr-99Merrill LynchUpgradeNT AccumulateBuy
    22-Jan-99Deutsche BankInitiatedAccumulate
    4-Dec-98DLJDowngradeTop PickBuy
    17-Nov-98Schroder & CoDowngradeOutperf. Signif.Perform In Line
    11-Nov-98AG EdwardsDowngradeBuyMaintain
    9-Sep-98Goldman SachsUpgradeMkt PerformerMkt Outperformer
    28-Aug-98Lehman BrosUpgradeNeutralBuy
    21-Aug-98Bear StearnsInitiatedBuy
    7-Aug-98AG EdwardsUpgradeMaintainBuy
    23-Jul-98DLJUpgradeBuyTop Pick
    12-Jun-98JP MorganInitiatedBuy
    8-Apr-98Sanford BernsteinUpgradeMkt PerformOutperform
    7-Apr-98Sanford BernsteinUpgradeMkt PerformOutperform
    6-Apr-98Sanford BernsteinUpgradeMkt PerformOutperform
    3-Apr-98Sanford BernsteinUpgradeMkt PerformOutperform
    2-Apr-98Sanford BernsteinUpgradeMkt PerformOutperform
    1-Apr-98Sanford BernsteinUpgradeMkt PerformOutperform

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