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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
25-Sep-12UBSDowngradeBuyNeutral
1-Mar-12UBSInitiatedBuy
7-Oct-11Deutsche BankInitiatedHold
23-Mar-10Cowen & CoUpgradeUnderperformNeutral
17-Dec-09Janney Mntgmy ScottDowngradeBuyNeutral
30-Oct-09BernsteinUpgradeMkt PerformOutperform
21-Oct-09RBC Capital MktsInitiatedOutperform
17-Jul-09Janney Mntgmy ScottInitiatedBuy
18-Jun-09JP MorganDowngradeOverweightNeutral
11-May-09UBSUpgradeSellNeutral
20-Apr-09CitigroupInitiatedBuy
27-Jan-09BernsteinDowngradeOutperformMkt Perform
10-Dec-08Cowen & CoDowngradeNeutralUnderperform
15-Oct-08Credit SuisseInitiatedNeutral
18-Jul-08Banc of America SecInitiatedBuy
26-Feb-08Banc of America SecDowngradeBuyNeutral
14-Jan-08UBSDowngradeBuyNeutral
9-Aug-07AG EdwardsUpgradeHoldBuy
18-Jun-07CIBC Wrld MktsInitiatedSector Perform
13-Feb-07Banc of America SecUpgradeNeutralBuy
1-Feb-07Thomas WeiselUpgradeMarket WeightOverweight
3-Aug-06CitigroupUpgradeSellHold
17-May-06Bear StearnsUpgradePeer PerformOutperform
1-May-06Deutsche SecuritiesUpgradeHoldBuy
20-Mar-06Banc of America SecInitiatedNeutral
9-Mar-06JP MorganUpgradeNeutralOverweight
7-Feb-06Stifel NicolausUpgradeHoldBuy
29-Jun-05Moors & CabotUpgradeHoldBuy
2-Jun-05Lehman BrothersInitiatedOverweight
11-Apr-05Moors & CabotDowngradeBuyHold
4-Mar-05Moors & CabotInitiatedBuy
14-Sep-04Friedman BillingsInitiatedOutperform
28-Jul-04JP MorganUpgradeUnderweightNeutral
15-Jul-04CSFBUpgradeNeutralOutperform
6-Jul-04Robert W. BairdUpgradeNeutralOutperform
3-Jun-04Schwab SoundviewInitiatedOutperform
25-May-04Morgan StanleyUpgradeEqual-weightOverweight
23-Apr-04William BlairUpgradeMkt PerformOutperform
2-Apr-04Raymond JamesUpgradeMkt PerformStrong Buy
10-Mar-04Jefferies & CoUpgradeUnderperformHold
23-Jan-04Morgan StanleyUpgradeUnderweightEqual-weight
23-Jan-04WachoviaUpgradeMkt PerformOutperform
23-Jan-04PrudentialUpgradeNeutralOverweight
8-Sep-03Jefferies & CoDowngradeHoldUnderperform
30-Jul-03CIBC Wrld MktsUpgradeSector UnderperformSector Perform
12-May-03Robert W. BairdDowngradeOutperformNeutral
1-May-03JP MorganInitiatedUnderweight
21-Apr-03CIBC Wrld MktsDowngradeSector PerformSector Underperform
12-Mar-03Legg MasonDowngradeBuyHold
11-Mar-03Robert W. BairdUpgradeNeutralOutperform
15-Jan-03WachoviaDowngradeOutperformMkt Perform
20-Nov-02SG CowenDowngradeOutperformMkt Perform
5-Nov-02Lehman BrothersDowngradeOverweightEqual-weight
5-Nov-02UBS WarburgDowngradeBuyHold
4-Nov-02Adams HarknessUpgradeReduceMkt Perform
18-Oct-02Robert W. BairdDowngradeOutperformNeutral
19-Jul-02Robert W. BairdUpgradeMkt OutperformStrong Buy
19-Jul-02Banc of America SecDowngradeBuyMkt Perform
18-Jul-02Adams HarknessDowngradeMkt PerformReduce
18-Jul-02PrudentialDowngradeHoldSell
18-Jul-02Salomon Smth BrnyDowngradeOutperformNeutral
9-Jul-02Thomas WeiselDowngradeBuyAttractive
15-May-02Banc of America SecInitiatedBuy
10-May-02CSFBInitiatedBuy
14-Mar-02JP MorganUpgradeLT BuyBuy
4-Mar-02RBC Capital MktsInitiatedOutperform
19-Feb-02SG CowenInitiatedBuy
29-Jan-02Morgan StanleyDowngradeNeutralUnderperform
12-Dec-01Lehman BrothersInitiatedBuy
30-Nov-01PrudentialInitiatedHold
20-Nov-01JP MorganInitiatedLT Buy
20-Nov-01Jefferies & CoInitiatedHold
15-Nov-01Robert W. BairdDowngradeStrong BuyMkt Outperform
12-Nov-01Robertson StephensUpgradeMkt PerformBuy
30-Oct-01ABN AMROInitiatedBuy
26-Oct-01UBS WarburgInitiatedBuy
23-Aug-01Thomas WeiselInitiatedBuy
14-Aug-01Merrill LynchDowngradeNT BuyNT Accum
7-Aug-01Legg MasonUpgradeMkt PerformStrong Buy
6-Aug-01Robert W. BairdUpgradeMkt OutperformStrong Buy
12-Jul-01First Union SecInitiatedBuy
9-Jul-01CE Unterberg TowbinInitiatedNeutral
25-Apr-01Banc of America SecDowngradeBuyMkt Perform
12-Apr-01Adams HarknessInitiatedMkt Perform
21-Mar-01Robertson StephensInitiatedLT Attractive
13-Mar-01CSFBInitiatedHold
7-Mar-01Wit SoundViewInitiatedBuy
22-Feb-01CIBC Wrld MktsInitiatedHold
21-Feb-01Banc of America SecInitiatedBuy
21-Feb-01CIBC Wrld MktsInitiatedHold
15-Dec-00Mrgn Stnly Dn WttrDowngradeOutperformNeutral
16-Mar-00Robert W. BairdUpgradeST Mkt PerformST Mkt Outperform
28-Sep-98Schroder & CoDowngradeOutperformPerform In Line
18-Sep-98ING Brngs Frmn SelzDowngradeBuyHold

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