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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
16-Oct-12MKM PartnersInitiatedNeutral
31-Oct-11Deutsche BankUpgradeHoldBuy
20-Apr-11RBC Capital MktsUpgradeSector PerformOutperform
16-Feb-11Barclays CapitalUpgradeUnderweightEqual Weight
2-Feb-11Deutsche BankInitiatedHold
7-Sep-10Standpoint ResearchDowngradeBuyHold
15-Jun-10Sterne AgeeInitiatedNeutral
16-Apr-10RBC Capital MktsInitiatedSector Perform
6-Jan-10FBR CapitalUpgradeMkt PerformOutperform
7-Aug-09UBSUpgradeNeutralBuy
5-Aug-09FBR CapitalUpgradeUnderperformMkt Perform
19-May-09BernsteinInitiatedMkt Perform
25-Feb-09Friedman BillingsDowngradeMkt PerformUnderperform
6-Aug-08Friedman BillingsUpgradeUnderperformMkt Perform
8-Jul-08CitigroupUpgradeHoldBuy
14-Apr-08Keefe BruyetteUpgradeMkt PerformOutperform
30-Jan-08Credit SuisseUpgradeNeutralOutperform
30-Jan-08Stifel NicolausUpgradeHoldBuy
10-Oct-07Banc of America SecInitiatedNeutral
25-Sep-07JP MorganDowngradeOverweightNeutral
17-Sep-07CitigroupDowngradeBuyHold
14-Dec-06JP MorganInitiatedOverweight
16-Oct-06Matrix ResearchUpgradeSellHold
20-Sep-06Lehman BrothersUpgradeUnderweightEqual-weight
1-Dec-05Morgan StanleyUpgradeEqual-weightOverweight
4-Oct-05Keefe BruyetteUpgradeUnderperformMkt Perform
19-Sep-05Bear StearnsInitiatedOutperform
16-Sep-05Bear StearnsInitiatedOutperform
6-Sep-05Legg MasonUpgradeSellHold
4-May-05Smith Barney CitigroupUpgradeSellHold
14-Apr-05Lehman BrothersInitiatedUnderweight
3-Jan-05Banc of America SecUpgradeNeutralBuy
16-Dec-04Friedman BillingsDowngradeMkt PerformUnderperform
14-Dec-04Keefe BruyetteDowngradeMkt PerformUnderperform
4-Nov-04CSFBDowngradeOutperformNeutral
15-Oct-04Goldman SachsDowngradeIn-LineUnderperform
15-Oct-04PrudentialDowngradeNeutralUnderweight
15-Oct-04Smith Barney CitigroupDowngradeHoldSell
22-Jul-04Keefe BruyetteDowngradeOutperformMkt Perform
22-Apr-04PrudentialDowngradeOverweightNeutral
7-Apr-04Keefe BruyetteUpgradeMkt PerformOutperform
29-Jan-04JP MorganDowngradeNeutralUnderweight
8-Jan-04UBSDowngradeBuyNeutral
6-Jan-04Smith Barney CitigroupDowngradeBuyHold
21-Aug-03PrudentialInitiatedBuy
2-Jul-03UBSInitiatedBuy
20-Jun-03Friedman BillingsDowngradeMkt PerformUnderperform
14-Feb-03FulcrumUpgradeSellNeutral
24-Jan-03Morgan StanleyDowngradeOverweightEqual-weight
11-Nov-02Banc of America SecDowngradeBuyMkt Perform
24-Oct-02FulcrumInitiatedSell
23-Oct-02JP MorganDowngradeOverweightNeutral
23-Oct-02UBS WarburgDowngradeStrong BuyBuy
7-Oct-02JP MorganUpgradeNeutralOverweight
5-Sep-02Salomon Smth BrnyDowngradeBuyNeutral
17-Jun-02Morgan StanleyUpgradeEqual-weightOverweight
28-Nov-01JP MorganInitiatedLT Buy
24-Sep-01UBS WarburgUpgradeBuyStrong Buy
19-Apr-01Deutsche Bc Alex. BrDowngradeStrong BuyBuy
10-Apr-01Deutsche Bc Alex. BrUpgradeBuyStrong Buy
9-Apr-01Mrgn Stnly Dn WttrDowngradeOutperformNeutral
9-Mar-01Bear StearnsUpgradeAttractiveBuy
19-Dec-00JP MorganDowngradeBuyMkt Perform
5-Dec-00Deutsche Bc Alex. BrInitiatedBuy
17-Nov-00CSFBInitiatedBuy
14-Sep-00Mrgn Stnly Dn WttrInitiatedOutperform
12-Sep-00AG EdwardsInitiatedMaintain Position
17-Aug-00Wasserstein PerellaInitiatedBuy
11-Aug-00Friedman BillingsInitiatedMarket Perform
7-Aug-00Banc of America SecInitiatedBuy
26-Jul-00Advest IncDowngradeStrong BuyBuy
21-Jul-00UBS WarburgUpgradeHoldBuy
1-Jun-00UBS WarburgDowngradeBuyHold
3-Apr-00Merrill LynchDowngradeNT AccumNT Neutral
3-Apr-00DLJDowngradeBuyMarket Perform
15-Mar-00DLJInitiatedBuy
5-Jan-00PrudentialUpgradeAccumulateStrong Buy
13-Oct-99Warburg Dillon ReadUpgradeHoldBuy
19-Aug-99William BlairInitiatedLT Buy
21-Jul-99PrudentialInitiatedAccumulate
7-Jul-99Advest IncInitiatedBuy
19-May-99Bear StearnsUpgradeNeutralAttractive
2-Feb-99Salomon Smth BrnyUpgradeNeutralBuy
4-Dec-98Legg MasonInitiatedBuy
15-Jul-98PaineWebberInitiatedAttractive

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