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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    1-Oct-14Brean CapitalInitiatedBuy
    23-Sep-14Tigress FinancialDowngradeStrong BuyNeutral
    14-Aug-14StifelDowngradeBuyHold
    11-Aug-14ArgusUpgradeHoldBuy
    14-Jan-14FBR CapitalDowngradeOutperformMkt Perform
    24-Apr-13ArgusDowngradeBuyHold
    5-Apr-13FBR CapitalInitiatedOutperform
    20-Dec-12Deutsche BankUpgradeHoldBuy
    6-Dec-12Deutsche BankDowngradeBuyHold
    6-Dec-12BMO Capital MarketsDowngradeOutperformMarket Perform
    26-Mar-12Standpoint ResearchUpgradeHoldBuy
    13-Jan-12Standpoint ResearchDowngradeBuyHold
    28-Nov-11Standpoint ResearchUpgradeHoldBuy
    3-Nov-11Barclays CapitalInitiatedOverweight
    28-Oct-11Standpoint ResearchDowngradeBuyHold
    28-Sep-11Standpoint ResearchUpgradeHoldBuy
    7-Jan-11Canaccord GenuityUpgradeHoldBuy
    26-Oct-10ArgusUpgradeHoldBuy
    22-Jul-10Standpoint ResearchDowngradeBuyHold
    12-Apr-10Deutsche BankDowngradeBuyHold
    3-Mar-10RBC Capital MktsUpgradeSector PerformOutperform
    2-Feb-10CitigroupUpgradeHoldBuy
    22-Oct-09Deutsche SecuritiesUpgradeHoldBuy
    22-Jul-09CitigroupDowngradeBuyHold
    8-Jul-09CitigroupUpgradeHoldBuy
    6-Jul-09Deutsche SecuritiesUpgradeSellHold
    25-Jun-09CitigroupInitiatedHold
    24-Jun-09FBR CapitalUpgradeMkt PerformOutperform
    1-Jun-09BMO Capital MarketsUpgradeUnderperformMarket Perform
    21-May-09JP MorganUpgradeNeutralOverweight
    23-Apr-09BMO Capital MarketsDowngradeMarket PerformUnderperform
    31-Mar-09Deutsche SecuritiesDowngradeHoldSell
    11-Feb-09BMO Capital MarketsInitiatedMarket Perform
    28-Jan-09Canaccord AdamsUpgradeSellHold
    22-Jan-09Friedman BillingsDowngradeMkt PerformUnderperform
    17-Nov-08JP MorganDowngradeOverweightNeutral
    21-Oct-08Friedman BillingsDowngradeOutperformMkt Perform
    17-Oct-08RBC Capital MktsDowngradeOutperformSector Perform
    10-Oct-08Canaccord AdamsDowngradeBuySell
    7-Oct-08Friedman BillingsUpgradeMkt PerformOutperform
    29-Sep-08Deutsche SecuritiesDowngradeBuyHold
    12-Aug-08SoleilUpgradeHoldBuy
    15-Apr-08HSBC SecuritiesUpgradeNeutralOverweight
    7-Mar-08Friedman BillingsDowngradeOutperformMkt Perform
    23-Jan-08Friedman BillingsUpgradeMkt PerformOutperform
    14-Nov-07Canaccord AdamsUpgradeHoldBuy
    23-Jul-07Matrix ResearchDowngradeStrong BuyBuy
    19-Jun-07Stifel NicolausDowngradeBuyHold
    15-Jun-07BMO Capital MarketsDowngradeOutperformMarket Perform
    27-Apr-07HSBC SecuritiesDowngradeNeutralUnderweight
    25-Apr-07Friedman BillingsDowngradeOutperformMkt Perform
    29-Mar-07JP MorganUpgradeNeutralOverweight
    19-Mar-07Bear StearnsUpgradePeer PerformOutperform
    2-Mar-07Deutsche SecuritiesUpgradeHoldBuy
    27-Feb-07Credit SuisseUpgradeNeutralOutperform
    28-Nov-06Lehman BrothersUpgradeEqual-weightOverweight
    22-Nov-06Friedman BillingsUpgradeMkt PerformOutperform
    21-Nov-06HSBC SecuritiesDowngradeOverweightNeutral
    21-Nov-06Canaccord AdamsDowngradeBuyHold
    6-Oct-06PrudentialUpgradeNeutralOverweight
    5-Sep-06CitigroupUpgradeHoldBuy
    19-Jul-06PrudentialUpgradeUnderweightNeutral
    10-Jul-06Canaccord AdamsUpgradeHoldBuy
    2-Jun-06BMO Nesbitt BurnsUpgradeMarket PerformOutperform
    1-Jun-06Rochdale SecuritiesUpgradeHoldBuy
    30-May-06RBC Capital MktsUpgradeSector PerformOutperform
    28-Apr-06UBSUpgradeNeutralBuy
    21-Apr-06PrudentialDowngradeNeutralUnderweight
    7-Apr-06RBC Capital MktsInitiatedSector Perform
    30-Mar-06Morgan StanleyUpgradeUnderweightEqual-weight
    26-Jan-06HSBC SecuritiesUpgradeNeutralOverweight
    18-Jan-06Lehman BrothersDowngradeOverweightEqual-weight
    22-Dec-05CSFBInitiatedNeutral
    5-Oct-05Friedman BillingsDowngradeOutperformMkt Perform
    6-Sep-05CitigroupDowngradeBuyHold
    4-Aug-05Goldman SachsUpgradeIn-LineOutperform
    22-Apr-05Deutsche SecuritiesUpgradeSellHold
    10-Mar-05UBSDowngradeBuyNeutral
    22-Dec-04Friedman BillingsInitiatedOutperform
    1-Dec-04Bear StearnsDowngradeOutperformPeer Perform
    13-Oct-04PrudentialDowngradeOverweightNeutral
    29-Sep-04JP MorganDowngradeOverweightNeutral
    17-Aug-04Legg MasonInitiatedBuy
    10-Aug-04PrudentialUpgradeNeutralOverweight
    30-Apr-04RBC Capital MktsUpgradeSector PerformOutperform
    12-Feb-04Merrill LynchUpgradeNeutralBuy
    23-Jan-04UBSUpgradeNeutralBuy
    21-Jan-04PrudentialUpgradeUnderweightNeutral
    22-Dec-03PrudentialInitiatedUnderweight
    19-Dec-03Morgan StanleyDowngradeEqual-weightUnderweight
    17-Oct-03RBC Capital MktsDowngradeOutperformSector Perform
    9-Oct-03Merrill LynchDowngradeBuyNeutral
    22-Aug-03Morgan StanleyDowngradeOverweightEqual-weight
    8-Aug-03Smith Barney CitigroupUpgradeIn-lineOutperform
    30-Jun-03Smith Barney CitigroupInitiatedIn-line
    19-Jun-03Goldman SachsDowngradeOutperformIn-Line
    5-Jun-03UBS WarburgDowngradeBuyNeutral
    13-May-03Morgan StanleyUpgradeEqual-weightOverweight
    15-Jan-03UBS WarburgUpgradeNeutralBuy
    30-Sep-02Goldman SachsUpgradeMkt PerformMkt Outperform
    3-Sep-02Goldman SachsDowngradeRecomm ListMkt Perform
    30-Jul-02Goldman SachsUpgradeMkt OutperformRecomm List
    15-May-02UBS WarburgUpgradeHoldBuy
    27-Mar-02Deutsche Bc Alex. BrUpgradeMkt PerformBuy
    4-Feb-02Goldman SachsDowngradeRecomm ListMkt Outperform
    14-Nov-01JP MorganUpgradeMkt PerformBuy
    1-Aug-01UBS WarburgUpgradeHoldBuy
    31-Jul-01Goldman SachsUpgradeMkt OutperformRecomm List
    11-May-01Deutsche Bc Alex. BrInitiatedMkt Perform
    10-Apr-01JP MorganInitiatedMkt Perform
    20-Dec-00CSFBInitiatedHold
    15-Nov-99Goldman SachsUpgradeMarket PerformMarket Outperform
    12-Oct-99Deutsche Bc Alex. BrUpgradeMkt PerformBuy
    1-Oct-99Merrill LynchUpgradeNT AccumNT Buy
    23-Aug-99PrudentialUpgradeHoldAccumulate
    1-Jul-99CSFBUpgradeHoldBuy
    20-Apr-99ABN AMRODowngradeOutperformHold
    3-Feb-99Merrill LynchDowngradeNT BuyNT Accumulate
    20-Nov-98Bear StearnsInitiatedAttractive
    28-Aug-98Mrgn Stnly Dn WttrDowngradeStrong BuyNeutral
    13-Aug-98DLJInitiatedMkt Perform
    18-May-98Goldman SachsDowngradeMkt PerformerMkt Underperform
    22-Apr-98SBC Wrbg Dlln RdUpgradeOutperformBuy

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