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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
10-Jan-13ArgusDowngradeBuyHold
3-Apr-12Stifel NicolausDowngradeBuyHold
11-Jan-12UBSDowngradeBuyNeutral
4-Mar-10UBSUpgradeNeutralBuy
8-Jan-10JP MorganDowngradeOverweightNeutral
7-Oct-09Deutsche SecuritiesUpgradeHoldBuy
29-Sep-09CitigroupInitiatedBuy
9-Mar-09Credit SuisseUpgradeNeutralOutperform
18-Nov-08UBSDowngradeBuyNeutral
6-Oct-08Deutsche SecuritiesDowngradeBuyHold
28-Aug-08Credit SuisseDowngradeOutperformNeutral
10-Jun-08Deutsche SecuritiesUpgradeHoldBuy
8-Feb-08Bear StearnsUpgradePeer PerformOutperform
14-Nov-07Credit SuisseInitiatedOutperform
9-Oct-07Deutsche SecuritiesDowngradeBuyHold
26-Feb-07Deutsche SecuritiesUpgradeHoldBuy
16-Feb-07Goldman SachsUpgradeNeutralBuy
9-Jun-06Bear StearnsUpgradePeer PerformOutperform
17-Feb-06PrudentialInitiatedNeutral
12-Jan-06Goldman SachsDowngradeOutperformIn-Line
1-Dec-05Stifel NicolausInitiatedOutperform/Buy
31-Oct-05Bear StearnsDowngradeOutperformPeer Perform
6-Sep-05Banc of America SecUpgradeNeutralBuy
19-Aug-05UBSUpgradeNeutralBuy
16-Mar-05UBSUpgradeReduceNeutral
15-Sep-04Merrill LynchDowngradeBuyNeutral
10-Sep-04UBSDowngradeBuyReduce
10-Sep-04Legg MasonUpgradeHoldBuy
8-Sep-04CSFBDowngradeOutperformNeutral
23-Jul-04Deutsche SecuritiesDowngradeBuyHold
27-May-04UBSUpgradeNeutralBuy
22-Apr-04Morgan StanleyDowngradeOverweightEqual-weight
29-Mar-04Bear StearnsUpgradePeer PerformOutperform
15-Mar-04BernsteinUpgradeMkt PerformOutperform
27-Feb-04UBSDowngradeBuyNeutral
20-Feb-04Bear StearnsDowngradeOutperformPeer Perform
15-Oct-03JP MorganUpgradeNeutralOverweight
16-Sep-03Thomas WeiselDowngradeOutperformPeer Perform
9-May-03Bear StearnsUpgradePeer PerformOutperform
7-May-03Morgan StanleyUpgradeEqual-weightOverweight
16-Apr-03Legg MasonDowngradeBuyHold
11-Feb-03Salomon Smth BrnyInitiatedIn-line
21-Oct-02Thomas WeiselUpgradeAttractiveBuy
19-Sep-02UBS WarburgDowngradeStrong BuyBuy
28-Jun-02Legg MasonInitiatedBuy
25-Mar-02CSFBUpgradeHoldBuy
29-Jan-02ABN AMRODowngradeBuyAdd
18-Jan-02PrudentialInitiatedHold
7-Jan-02JP MorganDowngradeLT BuyMkt Perform
13-Nov-01Thomas WeiselInitiatedAttractive
19-Oct-01UBS WarburgUpgradeHoldStrong Buy
4-Oct-01Morgan StanleyInitiatedNeutral
9-Aug-01CSFBInitiatedHold
25-Jun-01Goldman SachsUpgradeMkt OutperformRecomm List
18-May-01ABN AMROInitiatedBuy
9-May-01Banc of America SecInitiatedMkt Perform
21-Feb-01Goldman SachsDowngradeRecomm ListMkt Outperform
21-Feb-01Sanford BernsteinDowngradeOutperformMkt Perform
21-Nov-00Deutsche Bc Alex. BrInitiatedBuy
20-Nov-00Salomon Smth BrnyDowngradeBuyOutperform
6-Sep-00CSFBInitiatedBuy
8-Aug-00Banc of America SecInitiatedBuy
7-Jul-00ING BaringsInitiatedBuy
28-Jun-00UBS WarburgDowngradeStrong BuyHold
15-Jun-00Salomon Smth BrnyUpgradeOutperformBuy
11-May-00Warburg Dillon ReadInitiatedStrong Buy
9-May-00Goldman SachsUpgradeMarket PerformRecommended List
1-Mar-00Deutsche Bc Alex. BrUpgradeMkt PerformStrong Buy
26-Jan-00Deutsche Bc Alex. BrInitiatedMkt Perform
14-Jan-00Warburg Dillon ReadUpgradeHoldStrong Buy
13-Jan-00PaineWebberInitiatedBuy
11-Jan-00CSFBUpgradeBuyStrong Buy
9-Dec-99Banc of America SecUpgradeMarket PerformBuy
8-Dec-99Schroder & CoUpgradeOutperformOutperf. Signif.
7-Dec-99DLJDowngradeBuyMarket Perform
6-Dec-99Mrgn Stnly Dn WttrDowngradeOutperformNeutral
6-Dec-99AG EdwardsDowngradeBuyMaintain Position
23-Nov-99Lehman BrothersUpgradeOutperformBuy
22-Nov-99Merrill LynchUpgradeNT AccumNT Buy
5-Oct-99AG EdwardsUpgradeMaintain PositionBuy
16-Jul-99Brown BrothersUpgradeAvoidST Neutral
7-Jul-99Banc of America SecInitiatedHold
1-Jul-99Salomon Smth BrnyUpgradeNeutralOutperform
22-Apr-99Brown BrosDowngradeNeutralAvoi
13-Apr-99Merrill LynchUpgradeNT NeutralNT Accumulate
30-Mar-99Salomon Smth BrnyDowngradeBuyNeutral
30-Mar-99Goldman SachsDowngradeRecomm. ListMkt Perform
11-Mar-99DLJUpgradeMkt PerformBuy
14-Dec-98PrudentialUpgradeAccumulateStrong Buy
11-Dec-98Salomon Smth BrnyUpgradeNeutralBuy
27-Aug-98Merrill LynchDowngradeNT AccumulateNT Neutral
16-Jul-98Lehman BrosDowngradeBuyOutperform

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