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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    11-May-16MacquarieDowngradeOutperformNeutral
    11-Feb-16BofA/MerrillDowngradeBuyNeutral
    14-Jan-16JP MorganDowngradeOverweightNeutral
    13-Jan-16DA DavidsonInitiatedBuy
    7-Jan-16Deutsche BankUpgradeHoldBuy
    22-Dec-15JMP SecuritiesInitiatedMkt Outperform
    5-Oct-15BernsteinUpgradeMkt PerformOutperform
    10-Sep-15Sterne Agee CRTInitiatedBuy
    13-Nov-14Deutsche BankDowngradeBuyHold
    14-Jan-14UBSInitiatedNeutral
    14-Oct-13Deutsche BankInitiatedBuy
    13-Jun-13OppenheimerInitiatedOutperform
    13-Mar-13FBR CapitalUpgradeMkt PerformOutperform
    21-Dec-12FBR CapitalDowngradeOutperformMkt Perform
    20-Dec-12Stifel NicolausUpgradeHoldBuy
    3-Oct-12ArgusDowngradeBuyHold
    17-Sep-12Stifel NicolausDowngradeBuyHold
    16-Dec-11Stifel NicolausUpgradeHoldBuy
    12-Aug-11RBC Capital MktsUpgradeOutperformTop Pick
    7-Dec-09Sterne AgeeUpgradeNeutralBuy
    8-Oct-09Sterne AgeeDowngradeBuyNeutral
    25-Sep-09William BlairInitiatedOutperform
    24-Aug-09Barclays CapitalUpgradeEqual WeightOverweight
    10-Aug-09Ladenburg ThalmannInitiatedSell
    15-Jul-09Sterne AgeeInitiatedBuy
    12-May-09RBC Capital MktsInitiatedSector Perform
    28-Apr-09Jefferies & CoInitiatedBuy
    14-Apr-09Stifel NicolausDowngradeBuyHold
    17-Dec-08Sun Trust Rbsn HumphreyInitiatedNeutral
    10-Dec-08Banc of America SecInitiatedNeutral
    10-Dec-08CitigroupInitiatedHold
    1-Jul-08UBSUpgradeSellNeutral
    4-Feb-08UBSDowngradeNeutralSell
    11-Dec-07Keefe BruyetteDowngradeOutperformMkt Perform
    26-Oct-07Calyon SecuritiesUpgradeNeutralBuy
    22-Oct-07Lehman BrothersDowngradeOverweightEqual-weight
    3-Oct-07Stifel NicolausInitiatedHold
    6-Aug-07Keefe BruyetteUpgradeMkt PerformOutperform
    24-Jul-07CitigroupInitiatedSell
    12-Jul-07Lehman BrothersInitiatedOverweight
    11-Jul-07Calyon SecuritiesUpgradeSellNeutral
    2-Jul-07UBSInitiatedNeutral
    12-Aug-05Sun Trust Rbsn HumphreyInitiatedBuy
    27-Oct-99ABN AMRODowngradeBuyHold
    10-Jun-99Goldman SachsDowngradeMkt OutperformMkt Perform
    24-Feb-98Goldman SachsUpgradeMkt PerformMkt Outperform
    24-Feb-98ABN/AMROUpgradeHoldBuy

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