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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    28-May-14Standpoint ResearchInitiatedStrong Sell
    8-Nov-13RBC Capital MktsInitiatedOutperform
    27-Sep-13Pacific CrestInitiatedOutperform
    1-Aug-13Williams Capital GroupUpgradeHoldBuy
    16-Jul-13StifelInitiatedHold
    6-Dec-12Robert W. BairdUpgradeNeutralOutperform
    2-Aug-12ArgusDowngradeBuyHold
    27-Jul-12Robert W. BairdDowngradeOutperformNeutral
    25-Jan-12OppenheimerUpgradePerformOutperform
    18-Aug-11OppenheimerDowngradeOutperformPerform
    8-Aug-11Robert W. BairdUpgradeNeutralOutperform
    6-May-10Standpoint ResearchUpgradeSellHold
    22-Apr-10Jesup & LamontUpgradeHoldBuy
    25-Mar-10Robert W. BairdDowngradeOutperformNeutral
    16-Mar-10UBSUpgradeNeutralBuy
    21-Jan-10Jesup & LamontDowngradeBuyHold
    21-Jan-10Deutsche BankUpgradeHoldBuy
    29-Dec-09Standpoint ResearchDowngradeHoldSell
    23-Nov-09Jefferies & CoUpgradeHoldBuy
    25-Sep-09BernsteinInitiatedOutperform
    18-Sep-09Piper JaffrayUpgradeNeutralOverweight
    12-Aug-09Jesup & LamontInitiatedBuy
    22-Jul-09ArgusUpgradeHoldBuy
    22-Jul-09Deutsche SecuritiesUpgradeSellHold
    23-Jun-09Robert W. BairdUpgradeNeutralOutperform
    24-Apr-09Standpoint ResearchDowngradeBuyHold
    16-Apr-09UBSDowngradeBuyNeutral
    15-Apr-09Deutsche SecuritiesDowngradeHoldSell
    24-Feb-09StandpointInitiatedBuy
    19-Dec-08Jefferies & CoInitiatedHold
    17-Jul-08Piper JaffrayDowngradeBuyNeutral
    11-Jul-08Banc of America SecInitiatedNeutral
    14-Jan-08Cowen & CoInitiatedNeutral
    8-Jan-08Banc of America SecUpgradeSellNeutral
    2-Jan-08Bear StearnsDowngradeOutperformPeer Perform
    17-Dec-07RBC Capital MktsDowngradeOutperformSector Perform
    20-Nov-07Friedman BillingsUpgradeMkt PerformOutperform
    20-Nov-07CIBC Wrld MktsDowngradeSector OutperformSector Perform
    16-Nov-07Robert W. BairdDowngradeOutperformNeutral
    27-Sep-07Banc of America SecDowngradeNeutralSell
    22-Jun-07Friedman BillingsDowngradeOutperformMkt Perform
    30-Jan-07JP MorganUpgradeNeutralOverweight
    17-Jan-07PrudentialInitiatedNeutral
    5-Dec-06UBSUpgradeNeutralBuy
    14-Nov-06Robert W. BairdInitiatedOutperform
    10-Oct-06UBSDowngradeBuyNeutral
    14-Sep-06Friedman BillingsInitiatedOutperform
    3-Aug-06Thomas WeiselDowngradeOutperformPeer Perform
    20-Jul-06CitigroupUpgradeHoldBuy
    11-Jul-06Deutsche SecuritiesInitiatedHold
    7-Jul-06UBSDowngradeBuyNeutral
    22-May-06UBSUpgradeNeutralBuy
    17-May-06CitigroupInitiatedHold
    13-Feb-06UBSDowngradeBuyNeutral
    1-Sep-05Lehman BrothersUpgradeEqual-weightOverweight
    5-Jul-05WR HambrechtUpgradeHoldBuy
    1-Jun-05JMP SecuritiesInitiatedMkt Outperform
    28-Apr-05Goldman SachsUpgradeIn-LineOutperform
    25-Apr-05PrudentialUpgradeNeutralOverweight
    15-Apr-05Bear StearnsUpgradePeer PerformOutperform
    23-Mar-05Thomas WeiselInitiatedOutperform
    18-Feb-05Goldman SachsInitiatedIn-Line
    11-Feb-05WR HambrechtInitiatedHold
    3-Feb-05Smith Barney CitigroupDowngradeBuyHold
    12-Nov-04PrudentialInitiatedNeutral
    8-Oct-04UBSUpgradeNeutralBuy
    22-Apr-04Lehman BrothersUpgradeUnderweightEqual-weight
    8-Jan-04RBC Capital MktsDowngradeOutperformSector Perform
    21-Nov-03UBSInitiatedNeutral
    17-Nov-03Banc of America SecUpgradeSellNeutral
    14-Nov-03WR HambrechtUpgradeHoldBuy
    23-Sep-03Legg MasonInitiatedHold
    25-Jul-03Harris Nesbitt GerardUpgradeUnderperformNeutral
    1-Jul-03Smith Barney CitigroupUpgradeIn-lineOutperform
    25-Apr-03Smith Barney CitigroupDowngradeOutperformIn-line
    25-Apr-03JP MorganDowngradeOverweightNeutral
    16-Apr-03Lehman BrothersDowngradeEqual-weightUnderweight
    4-Apr-03WR HambrechtDowngradeBuyHold
    24-Jan-03CIBC Wrld MktsUpgradeSector PerformSector Outperform
    24-Jan-03Salomon Smth BrnyUpgradeIn-lineOutperform
    12-Dec-02Pacific Growth EquitiesInitiatedEqual Weight
    21-Nov-02Gerard Klauer MattisonInitiatedUnderperform
    11-Nov-02Goldman SachsDowngradeOutperformIn-Line
    4-Nov-02Morgan StanleyDowngradeOverweightEqual-weight
    4-Jun-02CIBC Wrld MktsInitiatedBuy
    30-May-02JP MorganUpgradeMkt PerformBuy
    29-May-02Merrill LynchUpgradeNT BuyNT Strong Buy
    24-Jan-02Salomon Smth BrnyUpgradeNeutralBuy
    18-Jan-02Goldman SachsInitiatedRecomm List
    4-Jan-02Adams HarknessUpgradeBuyStrong Buy
    4-Jan-02Merrill LynchUpgradeNT NeutralNT Buy
    20-Sep-01WF Van KasperUpgradeMkt PerformBuy
    11-Sep-01Dain Rauscher WesselsUpgradeBuyStrong Buy
    27-Jul-01Salomon Smth BrnyDowngradeBuyNeutral
    6-Jul-01Merrill LynchDowngradeNT AccumNT Neutral
    13-Jun-01W.R. HambrechtInitiatedBuy
    27-Apr-01Deutsche Bc Alex. BrDowngradeStrong BuyBuy
    16-Mar-01Banc of America SecInitiatedMkt Perform
    21-Nov-00Thomas WeiselDowngradeBuyMarket Perform
    21-Nov-00Chase H&QDowngradeStrong BuyBuy
    9-Nov-00Adams HarknessDowngradeStrong BuyAccumulate
    27-Oct-00Mrgn Stnly Dn WttrDowngradeStrong BuyOutperform
    27-Sep-00Thomas WeiselInitiatedBuy
    14-Sep-00Josephthal & CoInitiatedBuy
    24-May-00Chase H&QUpgradeBuyStrong Buy
    2-May-00Mrgn Stnly Dn WttrUpgradeOutperformStrong Buy
    28-Apr-00Bear StearnsDowngradeBuyNeutral
    25-Apr-00Banc of America SecDowngradeBuyMarket Perform
    18-Apr-00Dain Rauscher WesselsInitiatedBuy
    3-Apr-00Merrill LynchDowngradeNT BuyNT Accum
    3-Apr-00Lehman BrothersDowngradeBuyOutperform
    28-Mar-00Salomon Smth BrnyInitiatedBuy
    15-Mar-00JP MorganInitiatedLT Buy
    2-Mar-00Josephthal & CoUpgradeHoldBuy
    31-Jan-00Banc of America SecUpgradeMarket PerformBuy
    26-Jan-00Bear StearnsUpgradeAttractiveBuy
    26-Jan-00Mrgn Stnly Dn WttrUpgradeNeutralOutperform
    8-Nov-99Adams HarknessUpgradeTrading BuyStrong Buy
    5-Nov-99Adams HarknessUpgradeAccumulateTrading Buy
    5-Nov-99Schroder & CoUpgradePerform-In-LineOutperform
    5-Nov-99Deutsche Bc Alex. BrUpgradeBuyStrong Buy
    7-Oct-99Bear StearnsUpgradeNeutralAttractive
    23-Sep-99Goldman SachsUpgradeMarket OutperformRecommended List
    23-Jul-99Pacific CrestUpgradeBuyStrong Buy
    23-Jul-99JP MorganUpgradeMkt UnderperformMkt Perform
    7-Jul-99Mrgn Stnly Dn WttrDowngradeOutperformNeutral
    1-Jul-99Thomas WeiselDowngradeStrong BuyBuy
    1-Jul-99Josephthal & LyonDowngradeStrong BuyHold
    1-Jul-99Goldman SachsDowngradeRecommended ListMarket Outperform
    1-Jul-99Deutsche Bc Alex. BrDowngradeStrong BuyBuy
    3-Jun-99JP MorganInitiatedMkt Underperform
    27-May-99Josephthal & LyonUpgradeBuyStrong Buy
    12-May-99Merrill LynchInitiatedNT/LT Buy
    12-May-99Schroder & CoDowngradeOutperformPerform In Line
    7-Apr-99Josephthal & LyonInitiatedBuy
    5-Apr-99Mrgn Stnly Dn WttrUpgradeNeutralOutperform
    19-Mar-99NB MontgomeryInitiatedHold
    10-Feb-99Schroder & CoInitiatedOutperform
    25-Jan-99Salomon Smth BrnyInitiatedNeutral
    29-Sep-98Adams HarknessUpgradeAttractiveTrading Buy
    19-Jun-98PaineWebberDowngradeBuyAttractive
    11-Mar-98Lehman BrosUpgradeNeutralBuy

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