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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
14-Dec-16Morgan StanleyDowngradeOverweightEqual-Weight
18-Oct-16FBR & Co.DowngradeOutperformMkt Perform
7-Oct-16Credit SuisseInitiatedNeutral
23-Sep-16GoldmanUpgradeNeutralBuy
29-Jun-16BofA/MerrillDowngradeNeutralUnderperform
20-Jan-16BofA/MerrillDowngradeBuyNeutral
8-Sep-15Deutsche BankUpgradeHoldBuy
2-Jun-15Piper JaffrayInitiatedOverweight
15-May-15GoldmanInitiatedNeutral
12-Feb-15RBC Capital MktsDowngradeOutperformSector Perform
9-Feb-15Deutsche BankDowngradeBuyHold
16-May-14Deutsche BankUpgradeSellBuy
15-Nov-13Deutsche BankDowngradeBuyHold
12-Jun-13RBC Capital MktsDowngradeTop PickOutperform
9-Jan-13Deutsche BankInitiatedBuy
15-Nov-12RBC Capital MktsUpgradeOutperformTop Pick
18-Jul-12UBSInitiatedNeutral
15-May-12ArgusDowngradeBuyHold
4-May-12BarclaysDowngradeOverweightEqual Weight
18-Apr-11Barclays CapitalInitiatedOverweight
6-Oct-10Barclays CapitalUpgradeUnderweightEqual Weight
19-May-10Barclays CapitalDowngradeEqual WeightUnderweight
24-Nov-09Wells FargoUpgradeMarket PerformOutperform
14-Jul-09JP MorganUpgradeNeutralOverweight
22-Apr-09Barclays CapitalDowngradeEqual WeightUnderweight
22-Dec-08Friedman BillingsDowngradeOutperformMkt Perform
19-Dec-08JP MorganDowngradeOverweightNeutral
1-Dec-08CitigroupUpgradeHoldBuy
8-Sep-08Friedman BillingsUpgradeMkt PerformOutperform
15-Apr-08Friedman BillingsInitiatedMkt Perform
4-Apr-08Lehman BrothersUpgradeUnderweightOverweight
11-Mar-08Fox PittInitiatedOutperform
13-Sep-07Credit SuisseUpgradeNeutralOutperform
21-Jun-07CitigroupDowngradeBuyHold
19-Dec-06Goldman SachsUpgradeNeutralBuy
8-Sep-06JP MorganUpgradeNeutralOverweight
13-Jul-06Deutsche SecuritiesInitiatedHold
4-Aug-05Keefe BruyetteDowngradeOutperformMkt Perform
14-Jul-05CSFBDowngradeOutperformNeutral
11-Mar-05Banc of America SecInitiatedBuy
27-May-04Morgan StanleyUpgradeEqual-weightOverweight
22-Mar-04JP MorganDowngradeOverweightNeutral
5-Mar-04Friedman BillingsInitiatedMkt Perform
7-Jan-04Lehman BrothersDowngradeOverweightUnderweight
9-Oct-03BernsteinUpgradeMkt PerformOutperform
22-Apr-03UBS WarburgInitiatedBuy
19-Dec-02Lehman BrothersUpgradeUnderweightOverweight
18-Dec-02Bear StearnsUpgradePeer PerformOutperform
23-Sep-02JP MorganUpgradeMkt PerformBuy
21-Aug-02JP MorganInitiatedMkt Perform
5-Aug-02Morgan StanleyDowngradeOverweightEqual-weight
1-Jul-02Merrill LynchDowngradeNT BuyNT Neutral
23-May-02UBS WarburgDowngradeBuyHold
27-Mar-02Lehman BrothersInitiatedMkt Perform
9-Jan-02Salomon Smth BrnyInitiatedBuy
8-Jan-02Bear StearnsInitiatedNeutral
7-Jan-02Morgan StanleyInitiatedOutperform
7-Jan-02Merrill LynchInitiatedNT Buy/LT Buy
7-Jan-02Goldman SachsInitiatedRecomm List
7-Jan-02CSFBInitiatedBuy
7-Jan-02Banc of America SecInitiatedBuy
7-Jan-02UBS WarburgInitiatedBuy
7-Jan-02Deutsche Bc Alex. BrInitiatedBuy
27-May-98Morgan StanleyDowngradeOutperformNeutral

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