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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
21-Nov-13Deutsche BankInitiatedBuy
29-Oct-13FBR CapitalInitiatedOutperform
5-Sep-12MizuhoUpgradeNeutralBuy
22-Jun-12MizuhoInitiatedNeutral
1-May-12AurigaDowngradeBuyHold
27-Jan-10Leerink SwannDowngradeOutperformMkt Perform
19-Jan-10Standpoint ResearchInitiatedBuy
19-Nov-09UBSInitiatedBuy
29-Jul-09Robert W. BairdUpgradeNeutralOutperform
5-May-09Auriga U.S.AUpgradeHoldBuy
31-Mar-09Auriga U.S.AInitiatedHold
3-Nov-08ArgusDowngradeBuyHold
21-Oct-08Barclays CapitalUpgradeEqual WeightOverweight
20-Jun-08Leerink SwannUpgradeMkt PerformOutperform
6-Jun-08JMP SecuritiesInitiatedMkt Outperform
16-Apr-08Jefferies & CoInitiatedBuy
10-Apr-08CitigroupDowngradeBuyHold
31-Oct-07CitigroupUpgradeHoldBuy
13-Apr-07WachoviaUpgradeMkt PerformOutperform
29-Mar-07CIBC Wrld MktsInitiatedSector Outperform
10-Nov-06CitigroupInitiatedHold
26-Jun-06Morgan StanleyUpgradeEqual-weightOverweight
27-Jan-06JMP SecuritiesUpgradeMkt PerformStrong Buy
9-Jan-06Bear StearnsDowngradeOutperformPeer Perform
11-Nov-05JMP SecuritiesInitiatedMkt Perform
9-Sep-05Goldman SachsDowngradeOutperformIn-Line
7-Jul-05Deutsche SecuritiesInitiatedBuy
21-Jun-05CSFBInitiatedOutperform
30-Mar-05Susquehanna FinancialInitiatedNet Positive
3-Feb-05JP MorganUpgradeNeutralOverweight
1-Feb-05Piper JaffrayDowngradeOutperformMarket Perform
1-Feb-05UBSUpgradeNeutralBuy
28-Jan-05Raymond JamesUpgradeMkt PerformOutperform
23-Dec-04JP MorganDowngradeOverweightNeutral
9-Dec-04Jefferies & CoInitiatedHold
8-Nov-04Robert W. BairdUpgradeNeutralOutperform
22-Oct-04JP MorganUpgradeNeutralOverweight
4-Oct-04Thomas WeiselDowngradeOutperformPeer Perform
13-Jul-04Morgan StanleyInitiatedEqual-weight
22-Jun-04Lehman BrothersDowngradeOverweightEqual-weight
30-Apr-04Raymond JamesDowngradeOutperformMkt Perform
30-Apr-04Bear StearnsUpgradePeer PerformOutperform
26-Mar-04Goldman SachsUpgradeIn-LineOutperform
2-Jan-04Bear StearnsDowngradeOutperformPeer Perform
2-Jan-04Jefferies & CoDowngradeBuyHold
12-Dec-03Deutsche SecuritiesInitiatedBuy
7-Nov-03UBSInitiatedNeutral
24-Oct-03Robert W. BairdDowngradeOutperformNeutral
24-Oct-03Merrill LynchDowngradeBuyNeutral
14-Oct-03Soundview TechnologyInitiatedOutperform
25-Jul-03Robert W. BairdUpgradeNeutralOutperform
25-Jul-03Raymond JamesDowngradeStrong BuyOutperform
8-May-03Robert W. BairdInitiatedNeutral
9-Apr-03Banc of America SecInitiatedBuy
13-Mar-03AG EdwardsDowngradeBuyHold
18-Nov-02Legg MasonUpgradeHoldBuy
6-Sep-02SG CowenDowngradeStrong BuyBuy
24-Jul-02Raymond JamesUpgradeBuyStrong Buy
22-Apr-02Salomon Smth BrnyUpgradeOutperformBuy
14-Mar-02PrudentialInitiatedBuy
4-Mar-02AG EdwardsUpgradeBuyStrong Buy
21-Dec-01FAC/Eqts First AlbanyInitiatedBuy
5-Dec-01Raymond JamesInitiatedBuy
29-Nov-01Dresdner Klnwrt WassUpgradeHoldAdd
24-Oct-01AG EdwardsDowngradeStrong BuyBuy
24-Oct-01Buckingham ResearchUpgradeNeutralAccumulate
15-Aug-01W.R. HambrechtInitiatedNeutral
1-Aug-01Buckingham ResearchDowngradeStrong BuyNeutral
10-May-01Thomas WeiselInitiatedBuy
1-May-01Salomon Smth BrnyUpgradeNeutralOutperform
30-Apr-01JP MorganUpgradeMkt PerformLT Buy
4-Apr-01USB Piper JaffrayInitiatedNeutral
16-Mar-01CSFBInitiatedHold
9-Mar-01Dresdner Klnwrt WassersteinInitiatedHold
21-Feb-01Legg MasonInitiatedStrong Buy
15-Jan-01Robinson HumphreyUpgradeOutperformBuy
12-Jan-01Robinson HumphreyUpgradeOutperformBuy
4-Jan-01ING BaringsInitiatedHold
6-Dec-00Tucker Anthny Cap MktsInitiatedBuy
5-Dec-00Tucker Anthny Cap MktsInitiatedBuy
17-Nov-00Robinson HumphreyInitiatedOutperform
17-Nov-00Mrgn Stnly Dn WttrDowngradeOutperformNeutral
9-Nov-00Dain Rauscher WesselsInitiatedBuy Aggressive
2-Nov-00Banc of America SecUpgradeMarket PerformBuy
25-Oct-00Merrill LynchUpgradeLT AccumLT Buy
24-Oct-00AG EdwardsUpgradeMaintain PositionBuy
13-Oct-00CSFBInitiatedBuy
14-Sep-00Mrgn Stnly Dn WttrUpgradeNeutralOutperform
29-Jun-00McDonald InvstInitiatedBuy
8-Jun-00Goldman SachsUpgradeMarket PerformMarket Outperform
1-Jun-00CSFBInitiatedHold
11-Jan-00Merrill LynchUpgradeNT NeutralNT Accum
10-Jan-00Lehman BrothersUpgradeOutperformBuy
2-Dec-99First Union SecInitiatedHold
22-Oct-99Warburg Dillon ReadDowngradeBuyHold
14-Oct-99Salomon Smth BrnyInitiatedNeutral
14-Sep-99Merrill LynchInitiatedNT Neut/LT Accum
15-Jul-99Banc of America SecDowngradeBuyHold
25-May-99JP MorganDowngradeOutperformNeutral
29-Apr-99DLJDowngradeBuyMkt Perform
28-Apr-99BT Alex. BrownDowngradeBuyMkt Perform
28-Apr-99First Union Cap MktsDowngradeBuyHold
28-Apr-99Merrill LynchDowngradeNT BuyNT Neutral
28-Apr-99Mrgn Stnly Dn WttrDowngradeOutperformNeutral
28-Apr-99SG CowenDowngradeStrong BuyBuy
14-Apr-99Lehman BrosInitiatedOutperform
5-Mar-99Mrgn Stnly Dn WttrDowngradeStrong BuyOutperform
15-Feb-99SG Cowen & CoInitiatedStrong Buy
12-Feb-99SG Cowen & CoInitiatedStrong Buy
26-Jan-99ING Brng Frmn SelzInitiatedHold
26-Jan-99BT Alex. BrownDowngradeStrong BuyBuy
12-Jan-99Merrill LynchInitiatedNT/LT Buy
26-Nov-98Warburg Dlln RdInitiatedHold
25-Nov-98Warburg Dlln RdInitiatedHold
28-Oct-98Goldman SachsUpgradeMkt OutperformRecomm. List
20-Oct-98DLJUpgradeMkt PerformBuy
19-Oct-98Goldman SachsUpgradeMkt PerformMkt Outperform
9-Oct-98Friedman BillingsUpgradeOutperformBuy
13-May-98JP MorganInitiatedBuy

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