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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    2-Feb-17Credit SuisseUpgradeUnderperformNeutral
    18-Jan-17MacquarieDowngradeOutperformNeutral
    22-Nov-16Credit SuisseDowngradeNeutralUnderperform
    27-Oct-16Morgan StanleyDowngradeOverweightEqual-Weight
    22-Sep-16Exane BNP ParibasDowngradeOutperformNeutral
    13-Jul-16Morgan StanleyUpgradeEqual-WeightOverweight
    7-Jul-16Societe GeneraleDowngradeBuyHold
    2-Mar-16GoldmanDowngradeNeutralSell
    21-Jan-16Societe GeneraleUpgradeHoldBuy
    21-Jan-16JefferiesUpgradeUnderperformBuy
    27-Oct-15Credit SuisseDowngradeOutperformNeutral
    23-Oct-15Exane BNP ParibasDowngradeOutperformNeutral
    22-Oct-15BofA/MerrillDowngradeBuyNeutral
    22-Oct-15JP MorganDowngradeOverweightNeutral
    15-Jul-15KeplerDowngradeBuyHold
    14-Jul-15Morgan StanleyDowngradeOverweightEqual-Weight
    8-Jul-15BerenbergDowngradeHoldSell
    18-Jun-15InvestecDowngradeHoldReduce
    24-Apr-15NumisDowngradeHoldReduce
    24-Jan-13BarclaysUpgradeUnderweightEqual Weight
    4-May-10HSBC SecuritiesInitiatedUnderweight
    2-Mar-10Deutsche BankUpgradeSellHold
    2-Dec-09Jefferies & CoInitiatedBuy
    25-Nov-09Barclays CapitalInitiatedUnderweight
    26-Oct-09Stifel NicolausDowngradeBuyHold
    10-Jul-09Credit SuisseUpgradeNeutralOutperform
    26-Jan-09JP MorganUpgradeUnderweightNeutral
    14-Nov-08Credit SuisseUpgradeUnderperformNeutral
    10-Sep-08Lehman BrothersDowngradeEqual-WeightUnderweight
    14-Jul-08Deutsche SecuritiesDowngradeHoldSell
    3-Jun-08JP MorganInitiatedUnderweight
    12-Mar-08Lehman BrothersUpgradeUnderweightEqual-weight
    7-Jan-08Lehman BrothersDowngradeEqual-weightUnderweight
    22-Aug-07Deutsche SecuritiesDowngradeBuyHold
    31-Jul-07Lehman BrothersUpgradeUnderweightEqual-weight
    16-Jul-07Bear StearnsUpgradeUnderperformPeer Perform
    25-Jun-07Stifel NicolausUpgradeHoldBuy
    3-Apr-07Stifel NicolausDowngradeBuyHold
    15-Nov-06Stifel NicolausInitiatedBuy
    27-Jun-06CitigroupUpgradeHoldBuy
    19-Apr-05Goldman SachsUpgradeUnderperformIn-Line
    18-Apr-02Bear StearnsInitiatedBuy
    10-Jan-02BernsteinDowngradeOutperformMkt Perform

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