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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    2-Feb-17JMP SecuritiesInitiatedMkt Perform
    11-Jan-17UBSUpgradeSellNeutral
    5-Jan-17JP MorganUpgradeNeutralOverweight
    20-Dec-16FBR & Co.UpgradeMkt PerformOutperform
    15-Dec-16BofA/MerrillUpgradeUnderperformNeutral
    1-Dec-16SusquehannaDowngradePositiveNeutral
    28-Nov-16JefferiesUpgradeHoldBuy
    22-Nov-16MacquarieDowngradeOutperformNeutral
    16-Nov-16BernsteinDowngradeOutperformMkt Perform
    16-Nov-16Morgan StanleyDowngradeOverweightEqual-Weight
    25-Oct-16Keefe BruyetteDowngradeOutperformMkt Perform
    11-Oct-16FBR & Co.DowngradeOutperformMkt Perform
    10-Oct-16Piper JaffrayDowngradeOverweightNeutral
    6-Oct-16Raymond JamesDowngradeStrong BuyMkt Perform
    7-Jul-16Piper JaffrayUpgradeNeutralOverweight
    7-Jul-16FIG PartnersInitiatedOutperform
    7-Jun-16SusquehannaUpgradeNeutralPositive
    9-May-16Raymond JamesUpgradeMkt PerformStrong Buy
    13-Apr-16Compass PointDowngradeBuyNeutral
    24-Nov-15Piper JaffrayInitiatedNeutral
    16-Sep-15GoldmanUpgradeNeutralBuy
    18-Aug-15BarclaysUpgradeEqual WeightOverweight
    5-Aug-15Sandler O'NeillUpgradeHoldBuy
    2-Jul-15Raymond JamesDowngradeStrong BuyMkt Perform
    26-Jun-15Credit SuisseUpgradeNeutralOutperform
    2-Jun-15Credit AgricoleUpgradeUnderperformBuy
    2-Jun-15GuggenheimUpgradeNeutralBuy
    22-Apr-15FBR CapitalUpgradeMkt PerformOutperform
    3-Mar-15UBSInitiatedSell
    22-Jul-14Compass PointUpgradeNeutralBuy
    5-Feb-14DA DavidsonUpgradeNeutralBuy
    9-Jul-13RBC Capital MktsDowngradeOutperformSector Perform
    21-Sep-12Sterne AgeeUpgradeUnderperformNeutral
    4-Jun-12FBR CapitalDowngradeOutperformMkt Perform
    8-Nov-11UBSInitiatedNeutral
    15-Aug-11RBC Capital MktsUpgradeSector PerformOutperform
    19-Apr-11FBR CapitalUpgradeMkt PerformOutperform
    9-Mar-11Stifel NicolausUpgradeHoldBuy
    5-Jan-11JefferiesDowngradeBuyHold
    12-Nov-10DA DavidsonInitiatedBuy
    11-Nov-10JefferiesInitiatedBuy
    20-Apr-10Keefe BruyetteUpgradeUnderperformMkt Perform
    20-Apr-10BernsteinDowngradeOutperformMkt Perform
    15-Apr-10Sun Trust Rbsn HumphreyUpgradeNeutralBuy
    5-Apr-10Sandler O'NeillUpgradeSellHold
    5-Apr-10Collins StewartUpgradeSellHold
    23-Nov-09SoleilUpgradeHoldBuy
    11-Nov-09Morgan KeeganDowngradeOutperformMkt Perform
    13-Oct-09BernsteinInitiatedOutperform
    23-Sep-09Collins StewartInitiatedSell
    9-Sep-09SoleilInitiatedHold
    21-Jul-09CitigroupDowngradeHoldSell
    21-May-09Credit SuisseInitiatedUnderperform
    7-May-09Sterne AgeeDowngradeBuyNeutral
    28-Apr-09Deutsche SecuritiesInitiatedHold
    20-Apr-09Sun Trust Rbsn HumphreyUpgradeNeutralBuy
    31-Mar-09JMP SecuritiesInitiatedMkt Perform
    18-Mar-09RBC Capital MktsDowngradeOutperformSector Perform
    13-Mar-09Sterne AgeeUpgradeHoldBuy
    23-Feb-09CitigroupDowngradeBuyHold
    15-Dec-08Sun Trust Rbsn HumphreyDowngradeBuyNeutral
    18-Nov-08Sterne AgeeUpgradeSellHold
    17-Oct-08Friedman BillingsDowngradeOutperformMkt Perform
    2-Oct-08Morgan KeeganInitiatedMkt Perform
    29-Sep-08Noble FinancialInitiatedBuy
    23-Sep-08CitigroupDowngradeBuyHold
    17-Sep-08Stifel NicolausDowngradeBuyHold
    9-Sep-08Sterne AgeeDowngradeHoldSell
    8-Sep-08Friedman BillingsUpgradeMkt PerformOutperform
    2-Sep-08Fox PittUpgradeIn LineOutperform
    27-Aug-08Sterne AgeeInitiatedHold
    7-Jul-08Robert W. BairdDowngradeOutperformNeutral
    24-Apr-08Robert W. BairdUpgradeNeutralOutperform
    28-Mar-08Stifel NicolausUpgradeHoldBuy
    27-Mar-08Robert W. BairdInitiatedNeutral
    24-Oct-07Banc of America SecDowngradeBuyNeutral
    23-Oct-07UBSDowngradeBuyNeutral
    19-Oct-07Stifel NicolausDowngradeBuyHold
    24-Sep-07Rodman & RenshawInitiatedMkt Outperform
    19-Sep-07Sun Trust Rbsn HumphreyDowngradeBuyNeutral
    12-Sep-07Credit SuisseInitiatedOutperform
    10-Sep-07Friedman BillingsDowngradeOutperformMkt Perform
    26-Jun-07Stifel NicolausInitiatedBuy
    22-Jun-07Bear StearnsInitiatedPeer Perform
    23-Apr-07CitigroupUpgradeHoldBuy
    22-Feb-07JP MorganInitiatedOverweight
    15-Feb-07Piper JaffrayUpgradeMarket PerformOutperform
    26-Jan-07Banc of America SecUpgradeNeutralBuy
    21-Dec-06UBSInitiatedBuy
    21-Jul-06Friedman BillingsUpgradeMkt PerformOutperform
    21-Jul-06Sandler O'NeillUpgradeHoldBuy
    11-Jul-06Friedman BillingsInitiatedMkt Perform
    21-Feb-06Punk, Ziegel & CoUpgradeMkt PerformBuy
    7-Jul-05Sanders Morris HarrisUpgradeHoldBuy
    12-May-05Sandler O'NeillDowngradeBuyHold
    11-Apr-05Piper JaffrayDowngradeOutperformMarket Perform
    7-Jan-05Banc of America SecDowngradeBuyNeutral
    29-Nov-04Sanders Morris HarrisDowngradeBuyHold
    12-Oct-04Deutsche SecuritiesInitiatedBuy
    22-Jul-04AG EdwardsDowngradeBuyHold
    7-May-04JP MorganInitiatedOverweight
    30-Apr-04Banc of America SecInitiatedBuy
    17-Mar-04Morgan StanleyUpgradeUnderweightEqual-weight
    19-Dec-03USB Piper JaffrayInitiatedOutperform
    8-Oct-03FulcrumUpgradeSellNeutral
    5-Sep-03Sanders Morris HarrisInitiatedBuy
    18-Jul-03Merrill LynchUpgradeNeutralBuy
    30-May-03Ryan, Beck & CoInitiatedOutperform
    21-Apr-03SunTrust Rbsn HumphreyUpgradeEqual WeightOverweight
    20-Dec-02SunTrust Rbsn HumphreyInitiatedEqual Weight
    5-Nov-02CSFBInitiatedOutperform
    24-Oct-02FulcrumInitiatedSell
    8-Oct-02Keefe BruyetteUpgradeMkt PerformOutperform
    7-Oct-02Lehman BrothersDowngradeOverweightEqual-weight
    23-Sep-02RBC Capital MktsDowngradeTop PickOutperform
    13-Nov-01Morgan StanleyInitiatedNeutral
    26-Sep-01Dain Rauscher WesselsUpgradeNeutralBuy
    11-Jul-01Lehman BrothersInitiatedStrong Buy
    28-Jun-01Salomon Smth BrnyInitiatedNeutral
    5-Jun-01AG EdwardsUpgradeMaintain PositionBuy
    26-Mar-01Keefe BruyetteUpgradeMkt PerformBuy
    13-Dec-00PMGDowngradeLT BuyHold
    28-Nov-00Merrill LynchDowngradeNT AccumNT Neutral
    11-Oct-00CSFBInitiatedBuy
    20-Sep-00USB Piper JaffrayUpgradeBuyStrong Buy
    19-May-00Merrill LynchUpgradeNT NeutralNT Accum
    25-Apr-00Warburg Dillon ReadInitiatedBuy
    12-Apr-00George K. BaumDowngradeBuyNeutral
    3-Apr-00George K. BaumUpgradeNeutralBuy
    3-Apr-00DLJUpgradeMarket PerformBuy
    24-Mar-00George K. BaumDowngradeBuyNeutral
    7-Mar-00DLJInitiatedMarket Perform
    6-Mar-00Dain Rauscher WesselsDowngradeBuyNeutral
    21-Jan-00George K. BaumInitiatedBuy
    25-Aug-99AG EdwardsDowngradeBuyAccumulate
    8-Jun-99AG EdwardsUpgradeMaintainBuy
    26-May-99Pacific Crest SecInitiatedBuy
    22-Apr-99Merrill LynchDowngradeLT BuyLT Accumulate
    12-Mar-99Dain RauscherInitiatedBuy/Avg
    10-Mar-99AG EdwardsInitiatedMaintain
    31-Jul-98Merrill LynchInitiatedNT Neutral
    28-Apr-98Piper JaffrayUpgradeBuyStrong Buy
    26-Mar-98BT Alex. BrownUpgradeMkt PerformBuy

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