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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
15-Aug-14FBR CapitalInitiatedOutperform
4-Feb-14Robert W. BairdUpgradeNeutralOutperform
26-Jul-13Robert W. BairdDowngradeOutperformNeutral
13-Jun-13ArgusUpgradeHoldBuy
18-Jul-12Maxim GroupInitiatedBuy
17-Jul-12Maxim GroupInitiatedBuy
21-Feb-12Barclays CapitalDowngradeOverweightEqual Weight
10-Feb-12Barclays CapitalInitiatedOverweight
23-Nov-11ArgusDowngradeBuyHold
22-Nov-11Summer Street ResearchDowngradeBuyNeutral
9-Aug-11Brean MurrayInitiatedBuy
16-Nov-10UBSInitiatedBuy
1-Nov-10RBC Capital MktsUpgradeSector PerformOutperform
9-Sep-10Stifel NicolausInitiatedHold
21-Jul-10RBC Capital MktsDowngradeOutperformSector Perform
25-May-10Morgan JosephUpgradeSellHold
21-Apr-10Piper JaffrayDowngradeOverweightNeutral
12-Mar-10Piper JaffrayInitiatedOverweight
22-Feb-10Morgan JosephDowngradeBuySell
19-Feb-10Roth CapitalInitiatedBuy
22-Apr-09Morgan JosephUpgradeHoldBuy
14-Apr-09ThinkEquityInitiatedBuy
18-Mar-09Wedbush MorganInitiatedBuy
13-Mar-09Wedbush MorganInitiatedBuy
23-Dec-08Stanford ResearchInitiatedBuy
15-Dec-08Merriman Curhan FordInitiatedBuy
9-Dec-08Morgan JosephInitiatedHold
12-Nov-08NeedhamInitiatedBuy
24-Oct-08ArgusUpgradeHoldBuy
24-Oct-08Banc of America SecUpgradeNeutralBuy
17-Oct-08BMO Capital MarketsUpgradeMarket PerformOutperform
12-Sep-08Robert W. BairdUpgradeNeutralOutperform
2-Sep-08Banc of America SecDowngradeBuyNeutral
28-Aug-08Lehman BrothersDowngradeOverweightEqual-Weight
18-Jul-08BMO Capital MarketsDowngradeOutperformMarket Perform
18-Jul-08Jefferies & CoDowngradeBuyHold
19-Jun-08Deutsche SecuritiesInitiatedBuy
21-May-08Pacific Growth EquitiesInitiatedBuy
22-Feb-08BernsteinDowngradeOutperformMkt Perform
31-Jan-08WachoviaUpgradeMkt PerformOutperform
24-Jan-08Friedman BillingsUpgradeMkt PerformOutperform
15-Jan-08Robert W. BairdInitiatedNeutral
7-Jan-08Credit SuisseUpgradeNeutralOutperform
28-Sep-07BMO Capital MarketsInitiatedOutperform
6-Jun-07Deutsche SecuritiesDowngradeBuyHold
6-Jun-07Credit SuisseDowngradeOutperformNeutral
30-May-07Bear StearnsInitiatedPeer Perform
25-May-07Banc of America SecInitiatedBuy
19-Apr-07Leerink SwannUpgradeMkt PerformOutperform
27-Mar-07PrudentialInitiatedOverweight
21-Feb-07UBSInitiatedBuy
2-Feb-07WachoviaDowngradeOutperformMkt Perform
1-Feb-07JMP SecuritiesUpgradeMkt PerformMkt Outperform
1-Feb-07CIBC Wrld MktsUpgradeSector PerformSector Outperform
1-Feb-07Punk, Ziegel & CoUpgradeMkt PerformBuy
20-Dec-06Caris & CompanyUpgradeAverageAbove Average
19-Dec-06First AlbanyInitiatedBuy
4-Dec-06Rodman & RenshawUpgradeMkt PerformMkt Outperform
19-Oct-06Caris & CompanyUpgradeBelow AverageAverage
9-Oct-06Punk, Ziegel & CoDowngradeBuyMkt Perform
28-Sep-06Credit SuisseInitiatedOutperform
1-Jun-06JP MorganUpgradeNeutralOverweight
30-May-06Punk, Ziegel & CoUpgradeAccumulateBuy
15-May-06Banc of America SecUpgradeNeutralBuy
26-Apr-06Friedman BillingsDowngradeOutperformMkt Perform
19-Apr-06PrudentialUpgradeUnderweightNeutral
19-Apr-06Punk, Ziegel & CoUpgradeMkt PerformAccumulate
27-Mar-06Punk, Ziegel & CoDowngradeBuyMkt Perform
30-Dec-05Caris & CompanyInitiatedAbove Average
6-Dec-05PrudentialInitiatedUnderweight
17-Nov-05Leerink SwannDowngradeOutperformMkt Perform
16-Nov-05Punk, Ziegel & CoUpgradeAccumulateBuy
11-Nov-05Deutsche SecuritiesInitiatedBuy
8-Nov-05William BlairInitiatedMkt Perform
8-Nov-05Lazard CaptialUpgradeHoldBuy
7-Oct-05Jefferies & CoInitiatedBuy
12-Sep-05CitigroupUpgradeHoldBuy
22-Jul-05UBSDowngradeBuyNeutral
11-Jul-05Punk, Ziegel & CoDowngradeBuyAccumulate
8-Jul-05Lazard FreresDowngradeBuyHold
24-Jun-05Legg MasonUpgradeHoldBuy
27-Apr-05BernsteinDowngradeOutperformMkt Perform
26-Apr-05CIBC Wrld MktsInitiatedSector Perform
15-Apr-05RBC Capital MktsInitiatedOutperform
24-Jan-05Legg MasonUpgradeSellHold
5-Jan-05CSFBDowngradeOutperformNeutral
22-Oct-04Legg MasonDowngradeHoldSell
5-Oct-04Smith Barney CitigroupDowngradeBuyHold
13-Sep-04Punk, Ziegel & CoInitiatedBuy
30-Jul-04Lazard FreresUpgradeHoldBuy
18-Jun-04Morgan StanleyInitiatedOverweight
18-May-04Friedman BillingsUpgradeMkt PerformOutperform
4-May-04Banc of America SecDowngradeBuyNeutral
23-Apr-04First AlbanyUpgradeNeutralBuy
23-Apr-04Goldman SachsUpgradeIn-LineOutperform
23-Apr-04Legg MasonDowngradeBuyHold
9-Mar-04Wells Fargo SecInitiatedBuy
30-Jan-04First AlbanyDowngradeBuyNeutral
30-Jan-04Piper JaffrayDowngradeOutperformMarket Perform
30-Jan-04Merrill LynchDowngradeBuyNeutral
22-Jan-04Thomas WeiselUpgradePeer PerformOutperform
16-Dec-03Deutsche SecuritiesInitiatedBuy
5-Dec-03Friedman BillingsDowngradeOutperformMkt Perform
30-Oct-03JP MorganUpgradeNeutralOverweight
29-Oct-03USB Piper JaffrayUpgradeMarket PerformOutperform
29-Oct-03CSFBUpgradeNeutralOutperform
29-Oct-03SG CowenUpgradeMkt PerformOutperform
8-Oct-03Bear StearnsUpgradePeer PerformOutperform
25-Sep-03USB Piper JaffrayInitiatedMarket Perform
16-Sep-03JP MorganDowngradeOverweightNeutral
4-Sep-03Friedman BillingsInitiatedOutperform
1-Jul-03Legg MasonInitiatedBuy
19-Jun-03Lazard FreresInitiatedHold
28-May-03SG CowenInitiatedMkt Perform
3-Apr-03Gerard Klauer MattisonInitiatedNeutral
27-Mar-03Lehman BrothersUpgradeEqual-weightOverweight
18-Feb-03CSFBDowngradeOutperformNeutral
14-Jan-03Needham & CoInitiatedBuy
15-Nov-02Banc of America SecDowngradeBuyMkt Perform
4-Oct-02UBS WarburgInitiatedHold
30-Sep-02First AlbanyInitiatedBuy
24-Sep-02Lehman BrothersInitiatedEqual-weight
24-Sep-02CSFBInitiatedOutperform
13-Sep-02USB Piper JaffrayInitiatedOutperform
5-Sep-02WR HambrechtInitiatedBuy
28-Aug-02FulcrumInitiatedSell
17-Jul-02Banc of America SecInitiatedBuy
1-May-02Pacific Growth EquitiesUpgradeBuyStrong Buy
1-May-02RBC Capital MktsUpgradeSector PerformOutperform
21-Mar-02Goldman SachsDowngradeRecomm ListMkt Outperform
6-Mar-02UBS WarburgDowngradeBuyHold
4-Feb-02RBC Capital MktsInitiatedSector Perform
4-Feb-02Merrill LynchInitiatedNT Neutral/LT Buy
9-Jan-02Goldman SachsUpgradeMkt OutperformRecomm List
7-Jan-02PrudentialUpgradeHoldBuy
7-Jan-02UBS WarburgUpgradeHoldBuy
3-Dec-01UBS WarburgDowngradeBuyHold
9-Nov-01Fortis SecInitiatedAccumulate
30-Oct-01Morgan StanleyDowngradeStrong BuyOutperform
29-Oct-01Robertson StephensUpgradeMkt PerformBuy
26-Oct-01Pacific Growth EquitiesDowngradeStrong BuyBuy
26-Oct-01Lehman BrothersDowngradeStrong BuyBuy
25-Sep-01Goldman SachsInitiatedMkt Outperform
11-Jul-01Salomon Smth BrnyInitiatedOutperform
24-May-01PrudentialDowngradeStrong BuyHold
19-Apr-01Bear StearnsInitiatedBuy
20-Feb-01CE Unterberg TowbinUpgradeNeutralBuy
15-Feb-01UBS WarburgUpgradeHoldBuy
11-Dec-00CE Unterberg TowbinDowngradeBuyNeutral
21-Nov-00CE Unterberg TowbinUpgradeNeutralBuy
21-Nov-00PrudentialUpgradeAccumulateStrong Buy
30-Oct-00Banc of America SecUpgradeBuyStrong Buy
25-Sep-00CE Unterberg TowbinInitiatedNeutral
4-Aug-00PrudentialDowngradeStrong BuyAccumulate
28-Jul-00PrudentialUpgradeHoldStrong Buy
29-Jun-00Lehman BrothersInitiatedBuy
21-Jun-00CSFBDowngradeBuyHold
15-Jun-00Banc of America SecInitiatedBuy
16-May-00Needham & CoInitiatedBuy
25-Apr-00PrudentialInitiatedHold
28-Mar-00Mrgn Stnly Dn WttrInitiatedStrong Buy
23-Mar-00Lehman BrothersInitiatedBuy
2-Nov-99DLJDowngradeBuyMarket Perform
2-Nov-99BB Rbrtsn StphnsDowngradeBuyLT Attractive
27-Oct-99ING BaringsUpgradeBuyStrong Buy
21-Sep-99CSFBInitiatedBuy
9-Sep-99ING BaringsDowngradeStrong BuyBuy
13-Aug-99JP MorganInitiatedBuy
22-Mar-99PaineWebberDowngradeAttractiveNeutral
22-Mar-99Merrill LynchDowngradeNT AccumulateNT Neutral
2-Mar-99DLJUpgradeMkt PerformBuy
25-Feb-99Merrill LynchUpgradeNT NeutralNT Accumulate
9-Sep-98PrudentialInitiatedStrong Buy
30-Jul-98PaineWebberInitiatedAttractive
23-Jul-98SBC Wrbg Dlln RdInitiatedBuy
3-Jul-98DLJDowngradeBuyMkt Perform
2-Jul-98DLJDowngradeBuyMkt Perform

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