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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
14-Feb-14UBSUpgradeNeutralBuy
7-Sep-12ArgusUpgradeHoldBuy
18-Jul-12ArgusDowngradeBuyHold
16-Jul-12MKM PartnersUpgradeNeutralBuy
4-Jun-12MKM PartnersDowngradeBuyNeutral
30-May-12MLV & CoInitiatedHold
16-Dec-10Robert W. BairdUpgradeUnderperformNeutral
15-Dec-10AvondaleInitiatedMkt Perform
29-Oct-10Robert W. BairdDowngradeNeutralUnderperform
22-Oct-10JefferiesInitiatedBuy
1-Jul-10Hudson SecuritiesInitiatedBuy
26-Apr-10Stifel NicolausUpgradeHoldBuy
5-Feb-10Robert W. BairdUpgradeUnderperformNeutral
9-Oct-09SoleilDowngradeBuyHold
28-Sep-09Collins StewartInitiatedHold
9-Jul-09FBR CapitalUpgradeUnderperformMkt Perform
8-Jul-09Robert W. BairdDowngradeNeutralUnderperform
1-Jul-09Barclays CapitalDowngradeEqual WeightUnderweight
30-Jun-09WachoviaDowngradeOutperformMkt Perform
21-May-09SoleilInitiatedBuy
11-May-09JP MorganUpgradeNeutralOverweight
22-Apr-09Robert W. BairdDowngradeOutperformNeutral
20-Mar-09FBR Capital MarketsDowngradeMkt PerformUnderperform
17-Feb-09Robert W. BairdUpgradeNeutralOutperform
30-Jan-09OppenheimerDowngradeOutperformPerform
18-Dec-08Susquehanna FinancialDowngradePositiveNeutral
18-Dec-08Robert W. BairdInitiatedNeutral
9-Dec-08WachoviaDowngradeOutperformMkt Perform
29-Sep-08CitigroupDowngradeBuyHold
22-Jul-08JMP SecuritiesDowngradeMkt OutperformMkt Perform
17-Jul-08WachoviaUpgradeMkt PerformOutperform
28-Mar-08WachoviaDowngradeOutperformMkt Perform
25-Mar-08Stifel NicolausDowngradeBuyHold
13-Aug-07Matrix ResearchUpgradeSellHold
2-May-07Goldman SachsDowngradeBuyNeutral
2-Apr-07Calyon SecuritiesUpgradeNeutralAdd
2-Feb-07AG EdwardsUpgradeHoldBuy
4-Jan-07Thomas WeiselDowngradeMarket WeightUnderweight
27-Nov-06AG EdwardsDowngradeBuyHold
21-Nov-06Jefferies & CoInitiatedBuy
13-Jan-06AG EdwardsInitiatedBuy
8-Sep-05Jefferies & CoInitiatedBuy
28-Jul-05PrudentialInitiatedUnderweight
1-Jul-05Morgan StanleyInitiatedOverweight
12-Jan-05Bear StearnsInitiatedOutperform
4-Jan-05Harris NesbittDowngradeOutperformNeutral
16-Dec-04Lehman BrothersInitiatedOverweight
14-Dec-04CIBC Wrld MktsUpgradeSector PerformSector Outperform
1-Dec-04Susquehanna FinancialInitiatedNet Positive
21-Sep-04Banc of America SecUpgradeNeutralBuy
23-Jul-04Raymond JamesUpgradeOutperformStrong Buy
26-May-04Thomas WeiselDowngradeOutperformPeer Perform
26-Apr-04UBSUpgradeNeutralBuy
23-Apr-04Merrill LynchUpgradeNeutralBuy
24-Mar-04JP MorganUpgradeNeutralOverweight
11-Feb-04UBSUpgradeReduceNeutral
6-Feb-04Morgan StanleyUpgradeEqual-weightOverweight
13-Jan-04JMP SecuritiesUpgradeMkt PerformMkt Outperform
31-Oct-03Morgan StanleyDowngradeOverweightEqual-weight
31-Oct-03UBSDowngradeNeutralReduce
24-Jul-03WachoviaInitiatedMkt Perform
17-Jul-03Bear StearnsInitiatedPeer Perform
12-Jun-03Merrill LynchDowngradeBuyNeutral
19-May-03Thomas WeiselUpgradePeer PerformOutperform
13-May-03Gerard Klauer MattisonInitiatedNeutral
15-Apr-03UBS WarburgDowngradeBuyNeutral
28-Jan-03Raymond JamesDowngradeStrong BuyOutperform
19-Nov-02Morgan StanleyInitiatedOverweight
13-Nov-02Lehman BrothersDowngradeOverweightEqual-weight
25-Oct-02Credit Lyonnais SecDowngradeBuyAdd
25-Oct-02JMP SecuritiesDowngradeMkt OutperformMkt Perform
1-Oct-02Banc of America SecDowngradeBuyMkt Perform
12-Sep-02JP MorganDowngradeBuyLT Buy
12-Sep-02Thomas WeiselDowngradeAttractiveMkt Perform
15-Aug-02JMP SecuritiesInitiatedMkt Outperform
6-Aug-02Deutsche SecuritiesInitiatedStrong Buy
26-Jul-02Credit Lyonnais SecUpgradeAddBuy
26-Jul-02CIBC Wrld MktsUpgradeHoldBuy
10-Jul-02UBS WarburgUpgradeHoldBuy
15-May-02FulcrumInitiatedBuy
22-Apr-02JP MorganInitiatedBuy
1-Feb-02Dresdner Klnwrt WassDowngradeAddHold
1-Feb-02Morgan StanleyDowngradeStrong BuyOutperform
4-Jan-02Raymond JamesUpgradeBuyStrong Buy
14-Dec-01Thomas WeiselInitiatedAttractive
6-Dec-01Dresdner Klnwrt WassInitiatedAdd
26-Oct-01Credit Lyonnais SecDowngradeBuyAdd
20-Sep-01Credit Lyonnais SecUpgradeAddBuy
8-Aug-01Credit Lyonnais SecDowngradeBuyAdd
14-May-01Merrill LynchUpgradeNT AccumNT Buy
9-May-01Morgan StanleyUpgradeOutperformStrong Buy
12-Apr-01Raymond JamesDowngradeStrong BuyBuy
29-Mar-01ABN AMROInitiatedBuy
15-Feb-01CIBC Wrld MktsInitiatedHold
8-Jan-01CSFBDowngradeStrong BuyBuy
4-Dec-00Bear StearnsDowngradeBuyAttractive
7-Nov-00CSFBInitiatedStrong Buy
17-Oct-00Merrill LynchDowngradeNT BuyNT Accum
25-Sep-00PaineWebberUpgradeAttractiveBuy
6-Jul-00Raymond JamesUpgradeBuyStrong Buy
9-Jun-00PrudentialUpgradeAccumulateStrong Buy
30-May-00Robertson StephensUpgradeLT AttractiveBuy
30-May-00Goldman SachsUpgradeMarket PerformMarket Outperform
11-Apr-00PrudentialUpgradeHoldAccumulate
15-Feb-00PaineWebberUpgradeNeutralAttractive
11-Feb-00Schroder & CoUpgradePerform-In-LineOutperform
5-Nov-99ING BaringsDowngradeStrong BuyBuy
4-Nov-99PrudentialDowngradeStrong BuyHold
4-Nov-99Goldman SachsDowngradeTrading BuyMarket Outperform
4-Nov-99BB Rbrtsn StphnsDowngradeBuyMkt Performer
14-Oct-99PaineWebberDowngradeBuyNeutral
8-Oct-99DLJInitiatedMarket Perform
23-Sep-99Salomon Smth BrnyUpgradeOutperformBuy
9-Jul-99CSFBDowngradeStrong BuyHold
27-Apr-99BB Rbrtsn StphnsUpgradeMkt PerformBuy
22-Apr-99Schroder & CoDowngradeOutperformPerform In Line
22-Apr-99Goldman SachsDowngradeRecomm. ListMkt Perform
22-Apr-99PaineWebberUpgradeAttractiveBuy
7-Apr-99Merrill LynchUpgradeNT AccumulateNT Buy
5-Mar-99CS First BostonInitiatedStrong Buy
4-Feb-99Sands BrosUpgradeSellNeutral
9-Dec-98PrudentialDowngradeStrong BuyAccumulate
9-Dec-98Sands BrosDowngradeStrong BuySell
9-Dec-98Schroder & CoDowngradeOutperformOutperf. Signif.
30-Nov-98PaineWebberDowngradeBuyAttractive
2-Oct-98Salomon Smth BrnyDowngradeBuyOutperform
20-Aug-98Mgn Stnly Dn WitterInitiatedStrong Buy
15-Apr-98Merrill LynchInitiatedNT Accum/LT Buy
15-Apr-98Bear StearnsInitiatedBuy
18-Feb-98Schroder & CoInitiatedOutperform Signif

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