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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    5-Dec-16CitigroupDowngradeBuyNeutral
    22-Nov-16BofA/MerrillUpgradeNeutralBuy
    3-Nov-16JP MorganUpgradeNeutralOverweight
    17-Oct-16BarclaysUpgradeEqual WeightOverweight
    9-Aug-16Morgan StanleyInitiatedEqual-Weight
    2-Aug-16CitigroupInitiatedBuy
    2-Jun-16JefferiesDowngradeBuyHold
    11-May-16GoldmanUpgradeNeutralBuy
    26-Apr-16RBC Capital MktsUpgradeSector PerformOutperform
    18-Mar-16Standpoint ResearchDowngradeBuyHold
    11-Mar-16BofA/MerrillDowngradeBuyNeutral
    27-Jan-16BofA/MerrillUpgradeNeutralBuy
    12-Jan-16JefferiesUpgradeHoldBuy
    7-Jan-16RBC Capital MktsDowngradeOutperformSector Perform
    18-Sep-15FBR CapitalInitiatedMkt Perform
    24-Jul-15CIBCInitiatedSector Outperform
    11-Jun-15RBC Capital MktsUpgradeSector PerformOutperform
    28-Apr-15BofA/MerrillUpgradeUnderperformNeutral
    27-Apr-15Credit SuisseUpgradeNeutralOutperform
    3-Oct-14RBC Capital MktsUpgradeUnderperformSector Perform
    9-Sep-14CowenUpgradeMarket PerformOutperform
    7-Apr-14Deutsche BankUpgradeSellHold
    26-Feb-14ArgusDowngradeBuyHold
    5-Sep-13BarclaysDowngradeOverweightEqual Weight
    15-Jul-13BMO Capital MarketsDowngradeOutperformMarket Perform
    20-Jun-13CowenDowngradeOutperformMarket Perform
    22-Apr-13Deutsche BankDowngradeHoldSell
    17-Jan-13BB&T Capital MktsInitiatedBuy
    16-Oct-12BarclaysInitiatedOverweight
    1-Feb-12Stifel NicolausDowngradeBuyHold
    10-Aug-11Stifel NicolausUpgradeHoldBuy
    23-Nov-10HSBC SecuritiesInitiatedOverweight
    3-Nov-10RBC Capital MktsDowngradeSector PerformUnderperform
    28-Sep-10Stifel NicolausDowngradeBuyHold
    3-Feb-10Deutsche BankInitiatedBuy
    28-Aug-09Jefferies & CoInitiatedBuy
    11-Aug-09Dahlman RoseInitiatedBuy
    8-Apr-09CitigroupInitiatedHold
    2-Mar-09JP MorganDowngradeOverweightNeutral
    4-Feb-09UBSUpgradeNeutralBuy
    22-Dec-08UBSDowngradeBuyNeutral
    30-Oct-08JP MorganUpgradeNeutralOverweight
    25-Apr-08CIBC Wrld MktsUpgradeSector UnderperformSector Perform
    28-Mar-08HSBC SecuritiesUpgradeUnderweightNeutral
    23-Jan-08BMO Capital MarketsInitiatedOutperform
    11-Dec-07HSBC SecuritiesDowngradeNeutralUnderweight
    1-Nov-07RBC Capital MktsUpgradeUnderperformSector Perform
    2-May-07PrudentialUpgradeUnderweightNeutral
    27-Mar-07HSBC SecuritiesDowngradeOverweightNeutral
    7-Mar-07Matrix ResearchDowngradeHoldSell
    23-Feb-07RBC Capital MktsDowngradeSector PerformUnderperform
    8-Jan-07PrudentialDowngradeNeutralUnderweight
    28-Nov-06HSBC SecuritiesUpgradeNeutralOverweight
    6-Nov-06Matrix ResearchDowngradeHoldSell
    6-Oct-06Matrix ResearchUpgradeHoldBuy
    7-Sep-06RBC Capital MktsDowngradeOutperformSector Perform
    3-Aug-06Matrix ResearchUpgradeSellHold
    5-Jun-06CitigroupUpgradeHoldBuy
    21-Apr-06RBC Capital MktsUpgradeSector PerformOutperform
    10-Apr-06PrudentialUpgradeUnderweightNeutral
    3-Apr-06Goldman SachsDowngradeOutperformIn-Line
    6-Mar-06CIBC Wrld MktsDowngradeSector PerformSector Underperform
    28-Feb-06RBC Capital MktsDowngradeOutperformSector Perform
    31-Jan-06UBSUpgradeNeutralBuy
    19-Jan-06CitigroupDowngradeBuyHold
    17-Jan-06UBSDowngradeBuyNeutral
    1-Dec-05UBSUpgradeNeutralBuy
    13-Oct-05UBSDowngradeBuyNeutral
    21-Dec-04UBSUpgradeNeutralBuy
    30-Nov-04UBSDowngradeBuyNeutral
    17-Sep-04CIBC Wrld MktsDowngradeSector OutperformSector Perform
    30-Sep-03PrudentialDowngradeNeutralUnderweight
    11-Aug-03CSFBInitiatedNeutral
    19-Jun-03PrudentialUpgradeSellHold
    10-Jun-03Merrill LynchDowngradeBuyNeutral
    10-Jun-03JP MorganDowngradeOverweightNeutral
    3-Jun-03Deutsche SecuritiesUpgradeHoldBuy
    13-Dec-02Salomon Smth BrnyUpgradeIn-lineOutperform
    24-Sep-02Salomon Smth BrnyInitiatedIn-line
    15-Aug-02CSFBInitiatedHold
    11-Feb-02PrudentialDowngradeHoldSell
    15-Nov-01Morgan StanleyUpgradeNeutralOutperform
    30-Oct-01PrudentialUpgradeSellHold
    25-Sep-01UBS WarburgUpgradeHoldBuy
    21-Sep-01PrudentialInitiatedSell
    21-Sep-01JP MorganUpgradeMkt PerformLT Buy
    20-Sep-01Goldman SachsUpgradeMkt PerformMkt Outperform
    23-May-01BernsteinDowngradeMkt PerformUnderperform
    2-May-01CSFBDowngradeBuyHold
    20-Apr-01Goldman SachsDowngradeMkt OutperformMkt Perform
    11-Apr-01JP MorganDowngradeLT BuyMkt Perform
    3-May-00Lehman BrothersDowngradeNeutralUnderperform
    20-Mar-00Goldman SachsDowngradeTrading BuyMarket Outperform
    20-Mar-00ABN AMRODowngradeBuyOutperform
    11-Nov-99CSFBUpgradeHoldBuy
    11-Nov-99ABN AMROUpgradeOutperformBuy
    27-Sep-99Goldman SachsUpgradeMarket PerformTrading Buy
    23-Sep-99Deutsche Bc Alex. BrUpgradeMkt UnderperformMkt Perform
    15-Jun-99ABN AMROUpgradeHoldOutperform
    14-Jun-99Bear StearnsUpgradeNeutralBuy
    7-May-99Goldman SachsDowngradeMkt OutperformMkt Perform
    17-Nov-98Bear StearnsInitiatedNeutral
    6-Oct-98Goldman SachsUpgradeMkt PerformerTrading Buy
    27-Mar-98CS First BostonInitiatedBuy

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