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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    18-Apr-16JP MorganDowngradeOverweightNeutral
    28-Mar-16UBSDowngradeBuyNeutral
    14-Mar-16Raymond JamesDowngradeOutperformMkt Perform
    14-Jan-16BarclaysUpgradeEqual WeightOverweight
    13-Jan-16TD SecuritiesDowngradeBuyHold
    2-Nov-15MacquarieUpgradeNeutralOutperform
    16-Oct-15Raymond JamesDowngradeStrong BuyOutperform
    12-Aug-15BofA/MerrillUpgradeNeutralBuy
    24-Jul-15CIBCInitiatedSector Outperform
    23-Apr-14RBC Capital MktsUpgradeSector PerformOutperform
    14-Feb-14UBSDowngradeBuyNeutral
    6-Dec-13RBC Capital MktsDowngradeOutperformSector Perform
    25-Oct-13BMO Capital MarketsUpgradeMarket PerformOutperform
    29-Apr-13HSBC SecuritiesDowngradeNeutralUnderweight
    19-Nov-12RBC Capital MktsUpgradeSector PerformOutperform
    16-Oct-12BarclaysInitiatedEqual Weight
    22-Aug-12Global Hunter SecuritiesDowngradeBuyNeutral
    30-May-12Dahlman RoseDowngradeBuyHold
    28-Mar-12Global Hunter SecuritiesInitiatedBuy
    3-Nov-11Dahlman RoseUpgradeHoldBuy
    21-Apr-11Canaccord GenuityUpgradeHoldBuy
    2-Jun-10RBC Capital MktsUpgradeSector PerformOutperform
    30-Oct-09UBSUpgradeNeutralBuy
    29-Oct-09Credit SuisseDowngradeOutperformNeutral
    28-Aug-09Jefferies & CoInitiatedBuy
    11-Aug-09Dahlman RoseInitiatedHold
    28-Jul-09Barclays CapitalInitiatedUnderweight
    1-May-09CIBC Wrld MktsDowngradeSector PerformSector Underperform
    4-Feb-09UBSUpgradeNeutralBuy
    26-Jan-09HSBC SecuritiesDowngradeNeutralUnderweight
    16-Jan-09JP MorganDowngradeOverweightNeutral
    22-Dec-08UBSDowngradeBuyNeutral
    5-Sep-08Credit SuisseUpgradeNeutralOutperform
    24-Jul-08UBSUpgradeNeutralBuy
    7-Jul-08UBSDowngradeBuyNeutral
    5-May-08BMO Capital MarketsInitiatedMarket Perform
    30-Apr-08HSBC SecuritiesUpgradeUnderweightNeutral
    21-Feb-08UBSDowngradeBuyNeutral
    19-Feb-08HSBC SecuritiesDowngradeNeutralUnderweight
    8-Jan-08CIBC Wrld MktsUpgradeSector PerformSector Outperform
    12-Sep-07UBSDowngradeBuyNeutral
    6-Aug-07HSBC SecuritiesDowngradeOverweightNeutral
    23-May-07HSBC SecuritiesUpgradeNeutralOverweight
    27-Mar-07CIBC Wrld MktsDowngradeSector OutperformSector Perform
    21-Sep-06HSBC SecuritiesInitiatedNeutral
    15-Feb-06CIBC Wrld MktsUpgradeSector PerformSector Outperform
    31-Jan-06UBSUpgradeNeutralBuy
    8-Dec-05JP MorganUpgradeNeutralOverweight
    1-Dec-05UBSUpgradeNeutralBuy
    20-May-05JP MorganDowngradeOverweightNeutral
    9-Dec-04CSFBDowngradeOutperformNeutral
    6-Aug-04Raymond JamesUpgradeMkt PerformOutperform
    26-Feb-04CSFBUpgradeNeutralOutperform
    23-Jan-04UBSUpgradeNeutralBuy
    22-Jan-04JP MorganUpgradeNeutralOverweight
    20-Jan-04CIBC Wrld MktsUpgradeSector UnderperformSector Perform
    30-Oct-03Merrill LynchDowngradeBuyNeutral
    11-Aug-03CSFBInitiatedOutperform
    4-Apr-03CSFBUpgradeNeutralOutperform
    8-Nov-02JP MorganInitiatedNeutral
    5-Nov-02CSFBInitiatedNeutral
    25-Apr-01CSFBDowngradeBuyHold
    29-Jan-99Salomon Smth BrnyUpgradeOutperformBuy
    10-Apr-98CS First BostonInitiatedBuy
    9-Apr-98CS First BostonInitiatedBuy

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