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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    19-Dec-16SunTrustUpgradeHoldBuy
    8-Dec-16Keefe BruyetteInitiatedOutperform
    22-Nov-16CitigroupUpgradeNeutralBuy
    13-Oct-16BofA/MerrillUpgradeNeutralBuy
    26-Sep-16Morgan StanleyInitiatedOverweight
    16-Feb-16Credit AgricoleUpgradeUnderperformOutperform
    25-Jan-16NomuraUpgradeNeutralBuy
    13-Jan-16BofA/MerrillDowngradeBuyNeutral
    18-Dec-15Piper JaffrayDowngradeOverweightNeutral
    8-Sep-15JP MorganUpgradeNeutralOverweight
    3-Jun-15Piper JaffrayInitiatedOverweight
    6-May-15BofA/MerrillUpgradeNeutralBuy
    27-Mar-15RBC Capital MktsInitiatedOutperform
    26-Mar-15BarclaysUpgradeUnderweightOverweight
    14-Apr-14UBSUpgradeNeutralBuy
    16-Oct-13Compass PointUpgradeSellNeutral
    15-Mar-13Compass PointDowngradeNeutralSell
    4-Feb-13UBSDowngradeBuyNeutral
    16-Nov-12Compass PointInitiatedNeutral
    24-Apr-12Stifel NicolausDowngradeBuyHold
    6-Jan-12Deutsche BankDowngradeBuyHold
    27-Jul-11TiconderogaDowngradeBuyNeutral
    21-Apr-11TiconderogaUpgradeNeutralBuy
    15-Mar-11TiconderogaInitiatedNeutral
    10-Nov-10FBR CapitalDowngradeOutperformMkt Perform
    3-Jun-10FBR CapitalUpgradeMkt PerformOutperform
    6-Apr-10UBSInitiatedBuy
    24-Jul-09CitigroupDowngradeBuyHold
    4-Jun-09Deutsche SecuritiesInitiatedHold
    14-Apr-09JMP SecuritiesInitiatedMkt Outperform
    12-Mar-09CitigroupInitiatedBuy
    2-Feb-09BernsteinDowngradeOutperformMkt Perform
    20-Nov-08Friedman BillingsUpgradeUnderperformMkt Perform
    2-May-08Stifel NicolausInitiatedBuy
    18-Apr-08BMO Capital MarketsUpgradeMarket PerformOutperform
    17-Mar-08Friedman BillingsDowngradeMkt PerformUnderperform
    12-Dec-07UBSInitiatedNeutral
    12-Apr-07Deutsche SecuritiesInitiatedBuy
    10-Apr-07BMO Capital MarketsInitiatedMarket Perform
    9-Mar-07BernsteinUpgradeMkt PerformOutperform
    17-Jan-07Friedman BillingsDowngradeOutperformMkt Perform
    4-Dec-06Credit SuisseInitiatedOutperform
    27-Oct-06PrudentialUpgradeNeutralOverweight
    22-Aug-06Lehman BrothersInitiatedEqual-weight
    26-May-06Banc of America SecUpgradeNeutralBuy
    20-Mar-06PrudentialInitiatedNeutral
    16-Mar-06Sandler O'NeillUpgradeHoldBuy

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