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    Upgrades & Downgrades History
    DateResearch FirmActionFromTo
    26-Aug-16CIBCDowngradeSector OutperformSector Perform
    3-May-16Credit SuisseUpgradeNeutralOutperform
    22-Sep-15Credit SuisseDowngradeOutperformNeutral
    29-May-15Scotia CapitalDowngradeSector OutperformSector Perform
    3-Jan-14RBC Capital MktsInitiatedOutperform
    28-Aug-12Stifel NicolausInitiatedHold
    16-Nov-09Barclays CapitalInitiatedOverweight
    4-May-09RBC Capital MktsUpgradeUnderperformSector Perform
    27-Feb-09BMO Capital MarketsUpgradeMarket PerformOutperform
    21-Nov-08RBC Capital MktsDowngradeSector PerformUnderperform
    3-Jun-08RBC Capital MktsDowngradeOutperformSector Perform
    3-Oct-07CIBC Wrld MktsDowngradeSector OutperformSector Perform
    5-Nov-03Goldman SachsInitiatedUnderperform
    4-Apr-03CIBC Wrld MktsDowngradeSector PerformSector Underperform
    29-Nov-02CIBC Wrld MktsUpgradeSector UnderperformSector Perform
    17-May-02Merrill LynchDowngradeNT Buy/LT Strong BuyNT Neutral/LT Buy
    27-Aug-01Merrill LynchUpgradeNT AccumNT Buy
    3-Apr-00Merrill LynchDowngradeNT BuyNT Accum
    19-Feb-99Merrill LynchUpgradeNT AccumulateNT Buy

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