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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
9-Apr-14BarclaysUpgradeEqual WeightOverweight
26-Mar-14FBR CapitalUpgradeMkt PerformOutperform
13-Nov-13FBR CapitalInitiatedMkt Perform
11-Nov-13BarclaysDowngradeOverweightEqual Weight
6-Nov-13RBC Capital MktsDowngradeOutperformSector Perform
4-Nov-13Telsey Advisory GroupInitiatedNot Rated
16-Nov-12Imperial CapitalUpgradeIn-lineOutperform
23-Jul-12KeyBanc Capital MktsDowngradeBuyHold
10-Apr-12Imperial CapitalInitiatedIn-line
28-Feb-12FBR CapitalDowngradeOutperformMkt Perform
21-Oct-11Brean MurrayDowngradeBuyHold
21-Apr-11KeyBanc Capital MktsUpgradeHoldBuy
31-Jan-11KeyBanc Capital MktsDowngradeBuyHold
28-Jan-11FBR CapitalInitiatedOutperform
22-Oct-10JefferiesUpgradeHoldBuy
4-Oct-10MerrimanUpgradeNeutralBuy
10-Aug-10MerrimanInitiatedNeutral
16-Jul-10JefferiesInitiatedHold
31-Mar-10Sterne AgeeInitiatedBuy
18-Mar-10Deutsche BankInitiatedBuy
30-Jul-09SMH CapitalUpgradeNeutralAccumulate
13-Jul-09Brean MurrayUpgradeHoldBuy
9-Jul-09SMH CapitalUpgradeReduceNeutral
21-Apr-09Morgan JosephDowngradeBuyHold
6-Apr-09SMH CapitalDowngradeAccumulateReduce
3-Apr-09Brean MurrayDowngradeBuyHold
6-Mar-09Janney Mntgmy ScottInitiatedBuy
6-Feb-09SMH CapitalUpgradeNeutralAccumulate
6-Jan-09SMH CapitalDowngradeBuyNeutral
2-Dec-08Stifel NicolausInitiatedBuy
24-Nov-08SMH CapitalInitiatedBuy
21-Oct-08KeyBanc Capital MktsUpgradeHoldBuy
12-Aug-08JP MorganUpgradeNeutralOverweight
8-Aug-08Deutsche SecuritiesUpgradeHoldBuy
7-Jul-08Sterne AgeeUpgradeHoldBuy
23-Apr-08Sterne AgeeDowngradeBuyHold
25-Feb-08Brean MurrayUpgradeHoldBuy
16-Jan-08Jefferies & CoUpgradeHoldBuy
29-Oct-07Brean MurrayDowngradeBuyHold
26-Oct-07Jefferies & CoDowngradeBuyHold
15-Aug-07Nollenberger CapitalUpgradeNeutralBuy
13-Aug-07Morgan JosephUpgradeHoldBuy
27-Jul-07Jefferies & CoUpgradeHoldBuy
11-Jun-07Morgan JosephDowngradeBuyHold
9-Feb-07Jefferies & CoDowngradeBuyHold
9-Feb-07Deutsche SecuritiesDowngradeBuyHold
8-Feb-07KeyBanc Capital Mkts / McDonaldDowngradeBuyHold
26-Jan-07PrudentialInitiatedOverweight
18-Dec-06Morgan JosephUpgradeHoldBuy
13-Dec-06Nollenberger CapitalDowngradeBuyNeutral
12-Oct-06Morgan JosephInitiatedHold
22-Sep-06WachoviaInitiatedOutperform
11-Aug-06Goldman SachsInitiatedNeutral
31-Jul-06Matrix ResearchUpgradeHoldBuy
28-Jul-06Jefferies & CoUpgradeHoldBuy
27-Jul-06Nollenberger CapitalUpgradeNeutralBuy
19-Jul-06CIBC Wrld MktsUpgradeSector PerformSector Outperform
30-May-06KeyBanc Capital Mkts / McDonaldUpgradeHoldBuy
25-Apr-06KeyBanc Capital Mkts / McDonaldDowngradeBuyHold
15-Mar-06Bear StearnsInitiatedOutperform
8-Mar-06Nollenberger CapitalDowngradeBuyNeutral
7-Mar-06JP MorganUpgradeNeutralOverweight
16-Feb-06Jefferies & CoDowngradeBuyHold
9-Feb-06KeyBanc Capital Mkts / McDonaldUpgradeHoldBuy
17-Jan-06Nollenberger CapitalUpgradeNeutralBuy
10-Jan-06Nollenberger CapitalInitiatedNeutral
5-Dec-05Brean MurrayInitiatedStrong Buy
27-Oct-05KeyBanc Capital Mkts / McDonaldDowngradeBuyHold
16-Sep-05Jefferies & CoUpgradeHoldBuy
18-Jul-05Jefferies & CoDowngradeBuyHold
21-Jan-05CIBC Wrld MktsDowngradeSector OutperformSector Perform
14-Dec-04CIBC Wrld MktsUpgradeSector PerformSector Outperform
30-Nov-04Wells Fargo SecInitiatedHold
30-Nov-04KeyBanc Capital Mkts / McDonaldInitiatedBuy
4-Nov-04FulcrumUpgradeNeutralBuy
8-Sep-04FulcrumDowngradeBuyNeutral
4-Aug-04Lehman BrothersInitiatedOverweight
28-Jul-04Deutsche SecuritiesUpgradeHoldBuy
7-Jul-04Jefferies & CoInitiatedBuy
4-Feb-04Merrill LynchUpgradeNeutralBuy
23-Dec-03JP MorganInitiatedNeutral
21-Nov-03Bear StearnsInitiatedPeer Perform
14-Nov-03CIBC Wrld MktsDowngradeSector OutperformSector Perform
12-Sep-03Deutsche SecuritiesInitiatedHold
30-May-03CIBC Wrld MktsUpgradeSector PerformSector Outperform
30-May-03Merrill LynchDowngradeBuyNeutral
29-May-03FulcrumDowngradeBuyNeutral
8-Jan-03FulcrumInitiatedBuy
7-Jan-03CIBC Wrld MktsUpgradeSector UnderperformSector Perform
24-Apr-02CIBC Wrld MktsDowngradeStrong BuyBuy
27-Mar-02Dresdner Klnwrt WassDowngradeAddHold
20-Feb-02Bear StearnsInitiatedBuy
12-Nov-01Merrill LynchInitiatedNT Buy/LT Buy
29-Jun-01Dresdner Klnwrt WassInitiatedAdd
6-Jun-01Robertson StephensInitiatedBuy
28-Mar-01Deutsche Bc Alex. BrInitiatedBuy
19-Dec-00Lehman BrothersInitiatedBuy
6-Nov-00Salomon Smth BrnyInitiatedBuy
21-Jul-00CIBC Wrld MktsInitiatedStrong Buy
22-Mar-00Lehman BrothersInitiatedBuy

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