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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
5-Aug-13ArgusUpgradeHoldBuy
31-Jul-12ArgusDowngradeBuyHold
11-Oct-11TiconderogaInitiatedBuy
5-May-11ArgusUpgradeHoldBuy
27-Jul-10Dahlman RoseInitiatedHold
6-Jan-10Barclays CapitalUpgradeEqual WeightOverweight
16-Sep-09Standpoint ResearchDowngradeBuyHold
30-Jul-09CitigroupUpgradeHoldBuy
29-Jul-09UBSInitiatedBuy
11-May-09Credit SuisseUpgradeNeutralOutperform
9-Feb-09HSBC SecuritiesDowngradeNeutralUnderweight
30-Dec-08Hilliard LyonsDowngradeBuyLong-term Buy
29-Dec-08Barclays CapitalDowngradeOverweightEqual Weight
10-Jul-08BB&T Capital MktsDowngradeBuyHold
25-Sep-07Bear StearnsInitiatedPeer Perform
3-Aug-07Matrix ResearchDowngradeStrong BuyBuy
5-Jun-07Lehman BrothersUpgradeEqual-weightOverweight
23-May-07Credit SuisseDowngradeOutperformNeutral
28-Mar-07Hilliard LyonsInitiatedNeutral
20-Mar-07HSBC SecuritiesUpgradeNeutralOverweight
12-Mar-07Lehman BrothersUpgradeUnderweightEqual-weight
3-Oct-06Banc of America SecDowngradeBuyNeutral
7-Jun-06Deutsche SecuritiesDowngradeBuyHold
16-May-06JP MorganUpgradeNeutralOverweight
31-Mar-06PrudentialDowngradeOverweightNeutral
10-Mar-06BB&T Capital MktsInitiatedBuy
23-Dec-05SoleilInitiatedBuy
1-Dec-05Lehman BrothersDowngradeOverweightEqual-weight
22-Nov-05PrudentialInitiatedOverweight
25-Aug-05CitigroupDowngradeBuyHold
19-May-05UBSUpgradeNeutralBuy
16-May-05JP MorganDowngradeOverweightNeutral
29-Apr-05Banc of America SecUpgradeNeutralBuy
8-Dec-04Goldman SachsDowngradeOutperformIn-Line
17-Nov-04Merrill LynchUpgradeNeutralBuy
10-Sep-04UBSDowngradeBuyNeutral
16-Aug-04Smith Barney CitigroupUpgradeHoldBuy
5-Aug-04Morgan StanleyInitiatedOverweight
24-May-04FulcrumUpgradeNeutralBuy
3-May-04UBSUpgradeNeutralBuy
29-Dec-03Smith Barney CitigroupDowngradeBuyHold
9-Dec-03PrudentialUpgradeNeutralOverweight
14-Nov-03BernsteinUpgradeUnderperformMkt Perform
7-Nov-03UBSDowngradeBuyNeutral
29-Sep-03Deutsche SecuritiesUpgradeHoldBuy
4-Sep-03PrudentialDowngradeBuyHold
21-Aug-03Deutsche SecuritiesInitiatedHold
8-Aug-03Goldman SachsInitiatedOutperform
28-Jul-03Smith Barney CitigroupUpgradeIn-lineOutperform
30-May-03Lehman BrothersDowngradeOverweightEqual-weight
22-Apr-03Banc of America SecInitiatedNeutral
17-Apr-03Banc of America SecInitiatedNeutral
6-Mar-03Janney Mntgmy ScottInitiatedHold
4-Feb-03JP MorganInitiatedOverweight
31-Jan-03Lehman BrothersUpgradeEqual-weightOverweight
16-Dec-02BernsteinDowngradeMkt PerformUnderperform
9-May-02UBS WarburgUpgradeHoldStrong Buy
8-Apr-02Buckingham ResearchInitiatedStrong Buy
12-Mar-02Bear StearnsInitiatedNeutral
18-Jan-02BernsteinDowngradeOutperformMkt Perform
16-Jan-02AG EdwardsDowngradeHoldSell
14-Jan-02UBS WarburgDowngradeStrong BuyHold
4-Jan-02BernsteinUpgradeMkt PerformOutperform
3-Jan-02Merrill LynchUpgradeNT BuyNT Strong Buy
8-Nov-01Salomon Smth BrnyDowngradeBuyOutperform
7-Sep-01UBS WarburgUpgradeHoldStrong Buy
19-Jun-01PrudentialInitiatedBuy
2-May-01Salomon Smth BrnyUpgradeOutperformBuy
9-Feb-01Mrgn Stnly Dn WttrInitiatedOutperform
7-Feb-01CSFBUpgradeBuyStrong Buy
26-Jan-01Lehman BrothersUpgradeMkt PerformBuy
9-Jan-01JP MorganDowngradeLT BuyMkt Perform
2-Jan-01UBS WarburgDowngradeStrong BuyHold
29-Dec-00AG EdwardsDowngradeBuyMaintain Position
21-Nov-00Deutsche Bc Alex. BrInitiatedMkt Perform
12-Oct-00CSFBInitiatedBuy
15-Aug-00Chase H&QInitiatedBuy
27-Apr-00PaineWebberUpgradeNeutralBuy
8-Feb-00ING BaringsUpgradeBuyStrong Buy
28-Jan-00AG EdwardsUpgradeAccumulateBuy
22-Oct-99ING BaringsUpgradeBuyStrong Buy
8-Oct-99Warburg Dillon ReadUpgradeHoldBuy
7-Sep-99PaineWebberDowngradeAttractiveNeutral
27-Aug-99Brown BrothersDowngradeST BuyST Neutral
5-Aug-99PaineWebberUpgradeNeutralAttractive
5-Aug-99JP MorganUpgradeMkt PerformLong Term Buy
4-Aug-99Merrill LynchUpgradeNT NeutralNT Accum
27-Jul-99PaineWebberUpgradeUnattractiveNeutral
14-Jul-99Lehman BrothersInitiatedNeutral
1-Jul-99ING BaringsInitiatedBuy
15-Apr-99HSBC SecuritiesUpgradeHoldBuy
19-Feb-99Mrgn Stnly Dn WttrUpgradeNeutralOutperform
8-Jan-99Bear StearnsInitiatedNeutral
10-Dec-98Salomon Smth BrnyUpgradeNeutralOutperform
23-Oct-98JP MorganDowngradeBuyMkt Perform
18-Aug-98Deutsche BankInitiatedHold
14-Aug-98Goldman SachsDowngradeRecomm. ListMkt Outperformer
24-Apr-98Schroder & CoDowngradeOutperformPerform In Line

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