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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
18-Sep-13BMO Capital MarketsInitiatedOutperform
24-Jul-13ArgusDowngradeBuyHold
14-Jan-13KeyBanc Capital MktsUpgradeHoldBuy
23-Aug-12Dahlman RoseDowngradeBuyHold
22-Feb-12LongbowDowngradeBuyNeutral
27-Jan-12Deutsche BankDowngradeBuyHold
3-Nov-11Barclays CapitalInitiatedEqual Weight
11-Oct-11Dahlman RoseUpgradeHoldBuy
30-Sep-11LongbowInitiatedBuy
28-Feb-11ArgusInitiatedBuy
18-Jan-11LongbowUpgradeSellNeutral
21-Sep-10LongbowDowngradeNeutralSell
23-Apr-10CIBC Wrld MktsUpgradeSector UnderperformSector Perform
17-Mar-10LongbowDowngradeBuyNeutral
17-Sep-09CitigroupUpgradeHoldBuy
10-Jun-09KeyBanc Capital MktsDowngradeBuyHold
16-Apr-09UBSDowngradeBuyNeutral
15-Jan-09CitigroupInitiatedHold
6-Jan-09UBSDowngradeBuyNeutral
22-Dec-08Deutsche SecuritiesUpgradeHoldBuy
10-Dec-08CIBC Wrld MktsDowngradeSector OutperformSector Perform
10-Sep-08SoleilUpgradeHoldBuy
5-Sep-08Banc of America SecInitiatedNeutral
9-Jul-08UBSUpgradeNeutralBuy
3-Jul-08CIBC Wrld MktsUpgradeSector UnderperformSector Perform
21-May-08UBSDowngradeBuyNeutral
16-May-08CIBC Wrld MktsDowngradeSector PerformSector Underperform
16-Apr-08LongbowUpgradeNeutralBuy
19-Mar-08LongbowDowngradeBuyNeutral
14-Feb-08LongbowUpgradeNeutralBuy
20-Nov-07SoleilUpgradeSellHold
25-Jul-07CIBC Wrld MktsUpgradeSector PerformSector Outperform
20-Jul-07Credit SuisseUpgradeNeutralOutperform
29-May-07UBSUpgradeNeutralBuy
16-Nov-06LongbowDowngradeNeutralSell
25-Sep-06UBSDowngradeBuyNeutral
15-Aug-06Banc of America SecInitiatedNeutral
12-May-06FTN MidwestInitiatedNeutral
13-Mar-06CIBC Wrld MktsUpgradeSector UnderperformSector Perform
9-Mar-06UBSUpgradeNeutralBuy
6-Mar-06CitigroupUpgradeHoldBuy
27-Jan-06LongbowUpgradeSellNeutral
13-Jan-06CSFBDowngradeOutperformNeutral
22-Dec-05PrudentialDowngradeNeutralUnderweight
13-Dec-05CitigroupDowngradeBuyHold
18-Nov-05UBSDowngradeBuyNeutral
15-Nov-05Morgan StanleyDowngradeOverweightEqual-weight
21-Oct-05PrudentialUpgradeUnderweightNeutral
21-Sep-05UBSUpgradeNeutralBuy
20-Sep-05Deutsche SecuritiesDowngradeBuyHold
8-Aug-05KeyBanc Capital Mkts / McDonaldUpgradeBuyAggressive Buy
2-Aug-05Morgan StanleyUpgradeEqual-weightOverweight
22-Jul-05CIBC Wrld MktsDowngradeSector PerformSector Underperform
20-Jul-05Deutsche SecuritiesInitiatedBuy
7-Jul-05Bear StearnsUpgradePeer PerformOutperform
10-May-05KeyBanc Capital Mkts / McDonaldDowngradeAggressive BuyBuy
21-Mar-05JP MorganUpgradeNeutralOverweight
31-Jan-05PrudentialDowngradeNeutralUnderweight
28-Jan-05KeyBanc Capital Mkts / McDonaldUpgradeBuyAggressive Buy
6-Dec-04UBSDowngradeBuyNeutral
11-Nov-04LongbowDowngradeMkt PerformUnderperform
5-Nov-04PrudentialDowngradeOverweightNeutral
3-Nov-04UBSUpgradeNeutralBuy
2-Nov-04Goldman SachsUpgradeIn-LineOutperform
8-Oct-04UBSDowngradeBuyNeutral
10-Sep-04JP MorganUpgradeUnderweightNeutral
10-Sep-04Smith Barney CitigroupInitiatedSell
10-Sep-04Merrill LynchUpgradeNeutralBuy
9-Sep-04UBSInitiatedBuy
25-Aug-04Goldman SachsDowngradeOutperformIn-Line
1-Jul-04CIBC Wrld MktsInitiatedSector Underperform
10-Jun-04PrudentialUpgradeUnderweightOverweight
24-May-04FTN MidwestUpgradeTrading SellNeutral
28-Apr-04KeyBanc Capital Mkts / McDonaldUpgradeHoldBuy
27-Apr-04Goldman SachsUpgradeIn-LineOutperform
23-Apr-04PrudentialDowngradeNeutralUnderweight
14-Apr-04CSFBInitiatedNeutral
5-Mar-04PrudentialDowngradeOverweightNeutral
22-Jan-04UBSInitiatedNeutral
24-Dec-03Morgan StanleyDowngradeOverweightEqual-weight
17-Dec-03Bear StearnsUpgradeUnderperformPeer Perform
2-Dec-03McDonald InvstDowngradeBuyHold
25-Jul-03Goldman SachsDowngradeOutperformIn-Line
4-Jun-03Bear StearnsDowngradeOutperformUnderperform
7-Feb-03CSFBUpgradeNeutralOutperform
3-Feb-03JP MorganDowngradeNeutralUnderweight
17-Dec-02CSFBInitiatedNeutral
5-Dec-02Salomon Smth BrnyDowngradeOutperformIn-line
1-Nov-02Morgan StanleyUpgradeEqual-weightOverweight
18-Oct-02Lehman BrothersUpgradeUnderweightEqual-weight
9-Sep-02PrudentialUpgradeHoldBuy
23-Aug-02UBS WarburgInitiatedBuy
7-Aug-02Merrill LynchUpgradeNT Reduce/SellNT Neutral
21-May-02PrudentialUpgradeSellHold
19-Apr-02JP MorganDowngradeBuyMkt Perform
15-Apr-02PrudentialDowngradeHoldSell
2-Apr-02Merrill LynchDowngradeNT Neutral/LT Strong BuyNT Reduce-Sell/LT Neutral
4-Feb-02Bear StearnsDowngradeBuyNeutral
10-Jan-02Morgan StanleyUpgradeNeutralOutperform
19-Dec-01Salomon Smth BrnyUpgradeOutperformBuy
14-Dec-01Goldman SachsUpgradeTrading BuyRecomm List
5-Dec-01Salomon Smth BrnyUpgradeNeutralOutperform
3-Dec-01Morgan StanleyDowngradeNeutralUnderperform
21-Nov-01PrudentialUpgradeSellHold
8-Oct-01PrudentialDowngradeHoldSell
1-Oct-01Goldman SachsUpgradeMkt OutperformTrading Buy
21-Sep-01PrudentialInitiatedHold
20-Sep-01Salomon Smth BrnyDowngradeBuyNeutral
6-Jun-01Merrill LynchDowngradeNT AccumNT Neutral
23-May-01BernsteinDowngradeOutperformUnderperform
9-Apr-01CSFBUpgradeHoldBuy
28-Mar-01Goldman SachsInitiatedMkt Outperform
5-Jan-01Lehman BrothersInitiatedNeutral
20-Dec-00CSFBInitiatedHold
2-Nov-00McDonald InvstInitiatedBuy
21-Sep-00ABN AMRODowngradeBuyOutperform
29-Mar-00McDonald InvstDowngradeAggressive BuyHold
16-Feb-00ABN AMROUpgradeOutperformBuy
11-Feb-00Salomon Smth BrnyUpgradeOutperformBuy
7-Feb-00Robinson HumphreyUpgradeOutperformBuy
10-Dec-99Lehman BrothersUpgradeOutperformBuy
26-Oct-99CSFBUpgradeHoldBuy
25-Oct-99McDonald InvstUpgradeBuyAggressive Buy
22-Oct-99Mrgn Stnly Dn WttrUpgradeNeutralOutperform
26-Aug-99Warburg Dillon ReadInitiatedHold
27-Jul-99Robinson HumphreyUpgradeLT NeutralLT Buy
23-Jul-99Bear StearnsUpgradeNeutralBuy
15-Jun-99DLJUpgradeMkt PerformBuy
11-Jun-99McDonald InvstUpgradeHoldBuy
3-Jun-99Salomon Smth BrnyDowngradeBuyOutperform
18-May-99ABN AMROInitiatedOutperform
23-Apr-99Deutsche BankDowngradeAccumulateHold
21-Apr-99Bear StearnsInitiatedNeutral
4-Feb-99PrudentialDowngradeStrong BuyAccumulate
29-Jan-99McDonald InvstUpgradeHoldBuy
28-Jan-99Salomon Smth BrnyUpgradeNeutralBuy
6-Jan-99Merrill LynchUpgradeNT NeutralNT Accumulate
6-Nov-98Mrgn Stnly Dn WttrDowngradeOutperformNeutral
29-Oct-98PrudentialUpgradeAccumulateStrong Buy
24-Sep-98Lehman Bros.UpgradeNeutralOutperform
28-Jul-98JP MorganUpgradeMkt PerformerBuy
24-Jul-98Salomon Smth BrnyDowngradeBuyNeutral
12-Jun-98DLJDowngradeBuyMkt Perform

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