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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    10-Sep-15CitigroupUpgradeNeutralBuy
    27-Aug-15Keefe BruyetteUpgradeMkt PerformOutperform
    19-Aug-15BofA/MerrillDowngradeNeutralUnderperform
    2-Jun-15Piper JaffrayInitiatedNeutral
    15-May-15GoldmanInitiatedNeutral
    23-May-14BarclaysDowngradeOverweightEqual Weight
    1-Oct-13FBR CapitalUpgradeMkt PerformOutperform
    9-Jan-13Deutsche BankInitiatedHold
    9-Aug-12FBR CapitalDowngradeOutperformMkt Perform
    18-Jul-12UBSInitiatedNeutral
    9-Jan-12UBSDowngradeNeutralSell
    18-Apr-11Barclays CapitalInitiatedOverweight
    13-Jan-11FBR CapitalUpgradeMkt PerformOutperform
    23-Mar-10BernsteinDowngradeOutperformMkt Perform
    30-Nov-09Credit SuisseUpgradeNeutralOutperform
    6-Oct-09UBSUpgradeSellNeutral
    29-Jul-09CitigroupDowngradeBuyHold
    22-Apr-09Barclays CapitalDowngradeEqual WeightUnderweight
    9-Mar-09UBSDowngradeNeutralSell
    28-Jan-09Sterne AgeeUpgradeSellHold
    27-Jan-09CitigroupUpgradeHoldBuy
    26-Jan-09Deutsche SecuritiesDowngradeBuyHold
    13-Jun-08Sun Trust Rbsn HumphreyInitiatedBuy
    3-Apr-08Banc of America SecDowngradeBuyNeutral
    2-Apr-08UBSDowngradeBuyNeutral
    19-Nov-07CitigroupUpgradeSellHold
    12-Nov-07CitigroupDowngradeHoldSell
    11-Oct-07Friedman BillingsInitiatedOutperform
    23-Jul-07Lehman BrothersUpgradeUnderweightOverweight
    26-Apr-07AG EdwardsDowngradeBuyHold
    21-Mar-07Keefe BruyetteUpgradeMkt PerformOutperform
    31-Jan-07Sun Trust Rbsn HumphreyUpgradeNeutralBuy
    25-Oct-06Sun Trust Rbsn HumphreyDowngradeBuyNeutral
    6-Sep-06Banc of America SecUpgradeNeutralBuy
    13-Jul-06Deutsche SecuritiesInitiatedBuy
    25-Apr-06Bear StearnsInitiatedPeer Perform
    4-Apr-06Morgan StanleyUpgradeEqual-weightOverweight
    6-Jan-06Deutsche SecuritiesUpgradeHoldBuy
    18-Nov-05Morgan StanleyDowngradeOverweightEqual-weight
    28-Jul-05Friedman BillingsDowngradeOutperformMkt Perform
    28-Jul-05Deutsche SecuritiesDowngradeBuyHold
    27-Jul-05Raymond JamesUpgradeMkt PerformOutperform
    19-Jul-05Raymond JamesDowngradeOutperformMkt Perform
    13-Jun-05UBSUpgradeReduceBuy
    7-Jun-05JP MorganDowngradeOverweightNeutral
    27-Apr-05Smith Barney CitigroupUpgradeSellHold
    27-Apr-05Sun Trust Rbsn HumphreyUpgradeNeutralBuy
    22-Apr-05JP MorganUpgradeNeutralOverweight
    11-Mar-05Banc of America SecInitiatedNeutral
    8-Dec-04Morgan StanleyUpgradeEqual-weightOverweight
    3-Dec-04Keefe BruyetteDowngradeOutperformMkt Perform
    19-Nov-04CSFBUpgradeUnderperformNeutral
    12-Nov-04Lehman BrothersDowngradeOverweightUnderweight
    27-Oct-04PrudentialDowngradeOverweightNeutral
    27-Oct-04Goldman SachsDowngradeOutperformIn-Line
    27-Oct-04Sun Trust Rbsn HumphreyDowngradeBuyNeutral
    28-Jul-04Merrill LynchUpgradeNeutralBuy
    27-May-04Morgan StanleyDowngradeOverweightEqual-weight
    28-Apr-04JP MorganUpgradeUnderweightNeutral
    26-Jan-04Smith Barney CitigroupDowngradeHoldSell
    7-Jan-04Lehman BrothersUpgradeEqual-weightOverweight
    5-Jan-04CSFBDowngradeNeutralUnderperform
    13-Oct-03Morgan StanleyUpgradeEqual-weightOverweight
    30-Sep-03Merrill LynchUpgradeSellNeutral
    24-Jul-03AG EdwardsUpgradeHoldBuy
    24-Apr-03Merrill LynchDowngradeNeutralSell
    3-Dec-02Legg MasonInitiatedHold
    17-Oct-02Banc of America SecDowngradeBuyMkt Perform
    17-Oct-02Lehman BrothersDowngradeOverweightEqual-weight
    16-Oct-02CSFBDowngradeOutperformNeutral
    22-Aug-02UBS WarburgDowngradeBuyHold
    15-Aug-02JP MorganDowngradeBuyMkt Perform
    12-Aug-02AG EdwardsDowngradeBuyHold
    25-Jul-02Salomon Smth BrnyDowngradeNeutralUnderperform
    24-Jul-02Deutsche SecuritiesUpgradeMkt PerformBuy
    11-Jun-02Deutsche SecuritiesDowngradeBuyMkt Perform
    10-Apr-02Morgan StanleyDowngradeOverweightEqual-weight
    18-Mar-02Salomon Smth BrnyDowngradeOutperformNeutral
    11-Mar-02Deutsche Bc Alex. BrDowngradeStrong BuyBuy
    11-Mar-02UBS WarburgUpgradeHoldBuy
    5-Mar-02Lehman BrothersUpgradeBuyStrong Buy
    1-Feb-02Merrill LynchDowngradeNT Strong BuyNT Neutral
    15-Jan-02ABN AMROInitiatedBuy
    25-Oct-01JP MorganDowngradeBuyMkt Perform
    8-Oct-01Banc of America SecDowngradeStrong BuyBuy
    5-Oct-01Dresdner Klnwrt WassDowngradeBuyHold
    5-Oct-01CSFBUpgradeHoldBuy
    24-Sep-01Merrill LynchUpgradeNT NeutralNT Buy
    24-Sep-01Raymond JamesUpgradeMkt PerformBuy
    24-Sep-01Morgan StanleyUpgradeOutperformStrong Buy
    26-Jul-01Morgan StanleyUpgradeNeutralOutperform
    25-Jul-01Merrill LynchDowngradeNT BuyNT Neutral
    22-Jun-01UBS WarburgDowngradeStrong BuyHold
    22-Jun-01Morgan StanleyDowngradeOutperformNeutral
    7-May-01Lehman BrothersDowngradeStrong BuyBuy
    27-Apr-01Deutsche Bc Alex. BrDowngradeBuyMkt Perform
    26-Apr-01AG EdwardsUpgradeMaintain PositionAccumulate
    25-Apr-01Merrill LynchUpgradeNT Neut/LT AccumNT Accum/LT Buy
    30-Mar-01Deutsche Bc Alex. BrUpgradeMkt PerformBuy
    19-Mar-01Mrgn Stnly Dn WttrUpgradeNeutralOutperform
    22-Jan-01Wasserstein PerellaUpgradeHoldBuy
    22-Jan-01UBS WarburgUpgradeBuyStrong Buy
    22-Jan-01Robinson HumphreyUpgradeNeutralOutperform
    22-Jan-01Lehman BrothersUpgradeMkt PerformStrong Buy
    22-Jan-01Banc of America SecUpgradeBuyStrong Buy
    12-Dec-00Deutsche Bc Alex. BrInitiatedMkt Perform
    6-Nov-00Banc of America SecDowngradeStrong BuyBuy
    1-Nov-00Wasserstein PerellaDowngradeBuyHold
    6-Oct-00UBS WarburgDowngradeStrong BuyBuy
    4-Oct-00Mrgn Stnly Dn WttrInitiatedNeutral
    8-Sep-00Raymond JamesInitiatedMkt Perform
    21-Aug-00Lehman BrothersDowngradeOutperformNeutral
    17-Aug-00Wasserstein PerellaInitiatedBuy
    15-Aug-00CSFBDowngradeBuyHold
    4-Aug-00DLJDowngradeBuyMarket Perform
    18-Jul-00JP MorganInitiatedBuy
    7-Jul-00Bear StearnsInitiatedNeutral
    1-Feb-00Lehman BrothersUpgradeNeutralOutperform
    20-Jan-00DLJUpgradeMarket PerformBuy
    9-Dec-99Lehman BrothersInitiatedNeutral
    5-Nov-99Warburg Dillon ReadDowngradeStrong BuyHold
    17-Sep-99PaineWebberUpgradeAttractiveBuy
    8-Sep-99Banc of America SecInitiatedStrong Buy
    26-Jul-99CSFBUpgradeHoldBuy
    9-Jun-99Warburg Dlln RdUpgradeHoldStrong Buy
    22-Apr-99Bear StearnsInitiatedAttractive
    9-Feb-99DLJDowngradeBuyMkt Perform
    29-Jan-99CIBC OppenheimerDowngradeBuyHold
    15-Jan-99Schroder & CoDowngradeOutperformPerform In Line
    14-Jan-99DLJUpgradeMkt PerformBuy
    8-Dec-98CS First BostonInitiatedHold
    26-Nov-98PaineWebberInitiatedAttractive
    25-Nov-98PaineWebberInitiatedAttractive
    28-Oct-98Merrill LynchDowngradeNT AccumulateNT Neutral
    28-Oct-98Warburg Dlln RdDowngradeStrong BuyBuy
    16-Oct-98DLJDowngradeBuyMkt Perform
    3-Sep-98DLJUpgradeMkt PerformBuy
    13-Jul-98Mgn Stnly Dn WitterDowngradeOutperformNeutral
    13-Jul-98DLJDowngradeBuyMkt Perform
    8-May-98SBC Wrbg Dlln RdInitiatedNeutral
    28-Apr-98Schroder & CoUpgradePerform In LineOutperform
    24-Apr-98Morgan StanleyUpgradeNeutralOutperform

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