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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    1-May-15Raymond JamesDowngradeStrong BuyOutperform
    16-Oct-12BarclaysInitiatedOverweight
    23-Nov-10HSBC SecuritiesInitiatedNeutral
    28-Oct-10Stifel NicolausUpgradeHoldBuy
    3-Feb-10Deutsche BankInitiatedHold
    11-Aug-09Dahlman RoseInitiatedHold
    16-Jun-09BMO Capital MarketsUpgradeMarket PerformOutperform
    9-Jun-09UBSDowngradeBuyNeutral
    13-Mar-09Barclays CapitalInitiatedUnderweight
    4-Feb-09UBSUpgradeNeutralBuy
    16-Jan-09JP MorganDowngradeOverweightNeutral
    15-Jan-09Canaccord AdamsDowngradeBuyHold
    9-Jan-09BMO Capital MarketsDowngradeOutperformMarket Perform
    9-Jan-09RBC Capital MktsDowngradeTop PickOutperform
    22-Dec-08UBSDowngradeBuyNeutral
    19-Sep-08HSBC SecuritiesUpgradeUnderweightNeutral
    20-Aug-08RBC Capital MktsUpgradeSector PerformTop Pick
    24-Jul-08DavenportInitiatedBuy
    4-Feb-08BMO Capital MarketsUpgradeMarket PerformOutperform
    9-Jan-08RBC Capital MktsDowngradeOutperformSector Perform
    19-Oct-07BMO Capital MarketsInitiatedMarket Perform
    9-Oct-07HSBC SecuritiesDowngradeNeutralUnderweight
    15-Jun-07BMO Capital MarketsDowngradeOutperformMarket Perform
    6-Jun-07JP MorganUpgradeNeutralOverweight
    22-Feb-07PrudentialUpgradeUnderweightNeutral
    22-Nov-06Canaccord AdamsUpgradeHoldBuy
    27-Oct-06RBC Capital MktsUpgradeSector PerformOutperform
    21-Sep-06HSBC SecuritiesInitiatedNeutral
    17-May-06Canaccord AdamsDowngradeBuyHold
    11-May-06RBC Capital MktsDowngradeOutperformSector Perform
    31-Jan-06UBSUpgradeNeutralBuy
    31-Jan-06JP MorganUpgradeUnderweightNeutral
    26-Jan-06HSBC SecuritiesUpgradeUnderweightNeutral
    1-Dec-05UBSUpgradeNeutralBuy
    10-Nov-05PrudentialDowngradeNeutralUnderweight
    20-Jul-05JP MorganDowngradeNeutralUnderweight
    23-Feb-05CIBC Wrld MktsUpgradeSector UnderperformSector Perform
    28-Dec-04PrudentialDowngradeOverweightNeutral
    20-Dec-04JP MorganUpgradeUnderweightNeutral
    7-Dec-04CSFBUpgradeUnderperformNeutral
    30-Nov-04UBSDowngradeBuyNeutral
    11-Nov-04PrudentialUpgradeNeutralOverweight
    22-Oct-04Raymond JamesDowngradeOutperformMkt Perform
    4-Oct-04CIBC Wrld MktsDowngradeSector PerformSector Underperform
    27-Aug-04UBSDowngradeBuyNeutral
    23-Jan-04UBSUpgradeNeutralBuy
    8-Jan-04CIBC Wrld MktsDowngradeSector OutperformSector Perform
    6-Oct-03CIBC Wrld MktsUpgradeSector PerformSector Outperform
    30-Sep-03PrudentialInitiatedNeutral
    11-Aug-03CSFBInitiatedUnderperform
    30-Jan-03CSFBDowngradeNeutralUnderperform
    23-Jan-03Morgan StanleyDowngradeOverweightUnderweight
    15-Jan-03UBS WarburgUpgradeNeutralBuy
    20-Dec-02CIBC Wrld MktsDowngradeSector OutperformSector Perform
    8-Nov-02JP MorganInitiatedUnderweight
    5-Nov-02CSFBInitiatedNeutral
    23-Jul-02CIBC Wrld MktsUpgradeBuyStrong Buy

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