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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    10-Jun-16Piper JaffrayInitiatedOverweight
    6-May-16Morgan StanleyUpgradeUnderweightEqual-Weight
    29-Feb-16ArgusDowngradeBuyHold
    11-Jan-16Credit SuisseUpgradeNeutralOutperform
    24-Jul-15Credit SuisseUpgradeUnderperformNeutral
    24-Jun-15GoldmanDowngradeBuyNeutral
    28-May-15Morgan StanleyUpgradeUnderweightEqual-Weight
    24-Apr-15Buckingham ResearchDowngradeBuyNeutral
    7-Apr-14Standpoint ResearchUpgradeHoldBuy
    8-Jan-13Standpoint ResearchDowngradeAccumulateHold
    20-Nov-12Standpoint ResearchInitiatedAccumulate
    27-Sep-12Stifel NicolausInitiatedHold
    15-Aug-11TiconderogaUpgradeNeutralBuy
    3-May-11UBSUpgradeNeutralBuy
    13-Jan-11ArgusInitiatedBuy
    15-Dec-10UBSInitiatedNeutral
    20-Mar-09UBSInitiatedSell
    22-Dec-08Credit SuisseDowngradeNeutralUnderperform
    10-Nov-08Barclays CapitalDowngradeEqual WeightUnderweight
    10-Nov-08Deutsche SecuritiesDowngradeHoldSell
    8-Oct-08CitigroupDowngradeHoldSell
    27-May-08CitigroupDowngradeBuyHold
    25-Feb-08Deutsche SecuritiesDowngradeBuyHold
    6-Feb-08Bear StearnsDowngradePeer PerformUnderperform
    29-Nov-07Bear StearnsUpgradeUnderperformPeer Perform
    30-Oct-07UBSUpgradeSellBuy
    16-Oct-07Bear StearnsDowngradePeer PerformUnderperform
    9-Oct-07Calyon SecuritiesInitiatedReduce
    3-Oct-07Banc of America SecUpgradeSellNeutral
    13-Sep-07CitigroupInitiatedBuy
    10-Jul-07JP MorganUpgradeNeutralOverweight
    5-Jul-07Bear StearnsDowngradeOutperformPeer Perform
    15-May-07Lehman BrothersUpgradeUnderweightEqual-weight
    3-May-07KeyBanc Capital Mkts / McDonaldDowngradeBuyHold
    4-Apr-07PrudentialInitiatedUnderweight
    9-Feb-07Deutsche SecuritiesUpgradeHoldBuy
    3-Jan-07Banc of America SecDowngradeNeutralSell
    26-Oct-06Calyon SecuritiesDowngradeBuyNeutral
    4-Oct-06Bear StearnsUpgradeUnderperformPeer Perform
    17-Aug-06JP MorganDowngradeOverweightNeutral
    14-Aug-06Bear StearnsDowngradePeer PerformUnderperform
    7-Jul-06Deutsche SecuritiesUpgradeSellHold
    5-Jul-06Calyon SecuritiesUpgradeAddBuy
    3-Jul-06Banc of America SecUpgradeSellNeutral
    30-May-06Deutsche SecuritiesDowngradeHoldSell
    26-May-06PrudentialUpgradeNeutralOverweight
    12-May-06KeyBanc Capital Mkts / McDonaldUpgradeHoldBuy
    9-May-06Deutsche SecuritiesUpgradeSellHold
    16-Feb-06BernsteinDowngradeOutperformMkt Perform
    8-Feb-06Deutsche SecuritiesDowngradeHoldSell
    2-Feb-06UBSDowngradeNeutralReduce
    26-Jan-06Credit SuisseDowngradeOutperformNeutral
    17-Jan-06KeyBanc Capital Mkts / McDonaldUpgradeUnderweightHold
    9-Jan-06Goldman SachsUpgradeUnderperformIn-Line
    21-Dec-05UBSUpgradeReduceNeutral
    24-Oct-05KeyBanc Capital Mkts / McDonaldDowngradeHoldUnderweight
    17-Oct-05KeyBanc Capital Mkts / McDonaldUpgradeUnderweightHold
    12-Oct-05Deutsche SecuritiesUpgradeSellHold
    10-Oct-05Banc of America SecDowngradeNeutralSell
    6-Oct-05Bear StearnsInitiatedPeer Perform
    14-Jul-05Lehman BrothersUpgradeUnderweightEqual-weight
    20-Jun-05Banc of America SecUpgradeSellNeutral
    17-Jun-05KeyBanc Capital Mkts / McDonaldDowngradeHoldUnderweight
    27-May-05Goldman SachsInitiatedUnderperform
    16-May-05PrudentialDowngradeOverweightNeutral
    5-May-05JP MorganUpgradeNeutralOverweight
    4-May-05Calyon SecuritiesUpgradeSellAdd
    15-Apr-05PrudentialUpgradeNeutralOverweight
    8-Apr-05Deutsche SecuritiesDowngradeHoldSell
    7-Apr-05Smith Barney CitigroupDowngradeHoldSell
    28-Mar-05UBSDowngradeNeutralReduce
    17-Mar-05Lehman BrothersDowngradeEqual-weightUnderweight
    16-Mar-05Merrill LynchDowngradeNeutralSell
    16-Mar-05KeyBanc Capital Mkts / McDonaldDowngradeBuyHold
    28-Feb-05Banc of America SecDowngradeNeutralSell
    10-Jan-05UBSInitiatedNeutral
    9-Nov-04Smith Barney CitigroupInitiatedHold
    29-Jul-04Lehman BrothersDowngradeOverweightEqual-weight
    29-Jul-04Goldman SachsDowngradeIn-LineUnderperform
    17-May-04PrudentialDowngradeOverweightNeutral
    14-May-04UBSInitiatedNeutral
    26-Apr-04Lehman BrothersUpgradeEqual-weightOverweight
    10-Feb-04JP MorganDowngradeOverweightNeutral
    30-Jan-04Goldman SachsDowngradeOutperformIn-Line
    24-Dec-03UBSUpgradeNeutralBuy
    19-Dec-03OppenheimerUpgradeNeutralBuy
    15-Dec-03Deutsche SecuritiesUpgradeSellHold
    9-Dec-03Goldman SachsUpgradeIn-LineOutperform
    4-Dec-03Banc of America SecUpgradeSellNeutral
    28-Oct-03McDonald InvstInitiatedBuy
    28-Aug-03Goldman SachsUpgradeUnderperformIn-Line
    6-Aug-03Lehman BrothersUpgradeUnderweightEqual-weight
    20-Jun-03PrudentialUpgradeSellBuy
    16-May-03PrudentialDowngradeHoldSell
    2-May-03Lehman BrothersDowngradeEqual-weightUnderweight
    25-Apr-03UBS WarburgDowngradeBuyNeutral
    16-Apr-03Goldman SachsDowngradeIn-LineUnderperform
    4-Mar-03Deutsche SecuritiesDowngradeHoldSell
    12-Feb-03Banc of America SecDowngradeNeutralSell
    21-Jan-03UBS WarburgUpgradeNeutralBuy
    22-Nov-02FahnestockDowngradeBuyNeutral
    14-Oct-02Merrill LynchDowngradeBuyNeutral
    24-Sep-02Credit Lyonnais SecUpgradeAddBuy
    18-Sep-02Lehman BrothersInitiatedEqual-weight
    11-Jul-02UBS WarburgDowngradeBuyHold
    10-Jul-02Banc of America SecDowngradeBuyMkt Perform
    20-Jun-02Morgan StanleyDowngradeOverweightEqual-weight
    3-Jun-02Credit Lyonnais SecInitiatedAdd
    17-Apr-02Deutsche SecuritiesUpgradeMkt UnderperformMkt Perform
    17-Apr-02Salomon Smth BrnyUpgradeNeutralOutperform
    7-Mar-02Merrill LynchUpgradeNT NeutralNT Buy
    4-Mar-02JP MorganUpgradeMkt PerformBuy
    22-Feb-02Banc of America SecUpgradeMkt PerformBuy
    19-Feb-02UBS WarburgUpgradeHoldBuy
    13-Feb-02FahnestockUpgradeBuyStrong Buy
    28-Jan-02Morgan StanleyUpgradeNeutralOutperform
    8-Oct-01Deutsche Bc Alex. BrDowngradeMkt PerformMkt Underperform
    27-Sep-01Banc of America SecUpgradeUnderperformMkt Perform
    26-Sep-01Banc of America SecUpgradeUnderperformMkt Perform
    9-Jul-01Dresdner Klnwrt WassUpgradeAddBuy
    22-Jun-01Banc of America SecDowngradeMkt PerformUnderperform
    27-Apr-01Goldman SachsDowngradeMkt OutperformMkt Perform
    16-Feb-01UBS WarburgDowngradeBuyHold
    13-Dec-00UBS WarburgDowngradeStrong BuyBuy
    8-Dec-00Deutsche Bc Alex. BrDowngradeBuyMkt Perform
    4-Dec-00Banc of America SecDowngradeBuyMkt Perform
    4-Dec-00Dain Rauscher WesselsDowngradeBuy SpeculativeNeutral
    4-Dec-00JP MorganDowngradeLT BuyMkt Perform
    8-Nov-00Wasserstein PerellaDowngradeBuyHold
    7-Nov-00Goldman SachsDowngradeRecommended ListMarket Outperform
    1-Nov-00Bear StearnsInitiatedAttractive
    27-Oct-00Banc of America SecInitiatedBuy
    13-Oct-00Lehman BrothersDowngradeOutperformNeutral
    13-Oct-00Dain Rauscher WesselsDowngradeBuy AggressiveBuy Speculative
    12-Oct-00CSFBInitiatedBuy
    14-Sep-00CSFBInitiatedBuy
    11-Sep-00Dain Rauscher WesselsUpgradeNeutralBuy Aggressive
    15-May-00JP MorganDowngradeBuyLT Buy
    10-May-00Merrill LynchDowngradeNT AccumNT Neutral
    3-May-00Lehman BrothersDowngradeBuyOutperform
    3-May-00PrudentialDowngradeAccumulateHold
    12-Apr-00PaineWebberInitiatedAttractive
    10-Apr-00Deutsche Bc Alex. BrUpgradeMkt PerformBuy
    27-Jan-00Goldman SachsUpgradeMarket OutperformRecommended List
    12-Jan-00PrudentialUpgradeHoldAccumulate
    11-Jan-00ING BaringsDowngradeStrong BuyHold
    8-Dec-99Deutsche Bc Alex. BrDowngradeBuyMkt Perform
    11-Nov-99Salomon Smth BrnyInitiatedNeutral
    9-Nov-99PrudentialInitiatedHold
    5-Oct-99Goldman SachsInitiatedMarket Outperform
    6-Jul-99Warburg Dillion ReadUpgradeBuyStrong Buy
    2-Jun-99Merrill LynchInitiatedNT/LT Accumulate
    24-May-99CIBC World MarketDowngradeStrong BuyHold
    17-May-99Mrgn Stnly Dn WttrDowngradeOutperformNeutral
    13-Apr-99Lehman BrosInitiatedOutperform
    9-Mar-99Deutsche BankInitiatedBuy
    22-Feb-99Goldman SachsInitiatedMkt Outperform
    8-Feb-99PaineWebberDowngradeAttractiveNeutral
    16-Dec-98Warburg Dlln RdInitiatedBuy
    15-Sep-98CIBC OppenheimerInitiatedStrong Buy
    28-Aug-98PaineWebberUpgradeNeutralAttractive
    24-Jul-98Mrgn Stnly Dn WttrUpgradeNeutralOutperform
    24-Mar-98CIBC OppenheimerInitiatedBuy
    12-Mar-98Goldman SachsDowngradeRecomm. ListMkt Outperform

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