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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
6-Jan-14BarclaysUpgradeUnderweightEqual Weight
12-Sep-13Compass PointUpgradeNeutralBuy
6-Sep-13Deutsche BankUpgradeHoldBuy
9-Aug-13ArgusDowngradeBuyHold
14-Jun-13UBSDowngradeBuyNeutral
29-May-13Standpoint ResearchInitiatedBuy
22-May-13OppenheimerDowngradeOutperformPerform
29-Apr-13FBR CapitalUpgradeMkt PerformOutperform
24-Sep-12Compass PointDowngradeBuyNeutral
8-Jun-12ArgusUpgradeHoldBuy
9-Feb-12Compass PointUpgradeNeutralBuy
16-Dec-11UBSInitiatedBuy
25-Apr-11OppenheimerUpgradeUnderperformPerform
6-Jan-11OppenheimerDowngradePerformUnderperform
21-Dec-10RBC Capital MktsInitiatedOutperform
11-Nov-10JefferiesInitiatedHold
22-Oct-10Deutsche BankDowngradeBuyHold
14-Oct-10Morgan KeeganDowngradeOutperformMkt Perform
23-Jul-10FBR CapitalDowngradeOutperformMkt Perform
8-Jun-10Stifel NicolausUpgradeSellHold
27-Apr-10Deutsche BankUpgradeHoldBuy
22-Apr-10OppenheimerDowngradeOutperformPerform
22-Apr-10Keefe BruyetteUpgradeUnderperformMkt Perform
22-Mar-10Janney Mntgmy ScottDowngradeBuyNeutral
29-Jan-10Sterne AgeeDowngradeNeutralSell
11-Dec-09Janney Mntgmy ScottInitiatedBuy
2-Dec-09Credit SuisseUpgradeNeutralOutperform
4-Nov-09BMO Capital MarketsUpgradeMarket PerformOutperform
8-Oct-09UBSInitiatedSell
23-Sep-09Collins StewartInitiatedBuy
23-Sep-09Wells FargoInitiatedUnderperform
17-Sep-09OppenheimerInitiatedOutperform
6-Aug-09Keefe BruyetteDowngradeOutperformMkt Perform
10-Jul-09FBR CapitalUpgradeUnderperformMkt Perform
2-Jun-09Morgan KeeganUpgradeMkt PerformOutperform
21-May-09Credit SuisseInitiatedNeutral
28-Apr-09Deutsche SecuritiesInitiatedHold
20-Apr-09Sterne AgeeDowngradeBuyNeutral
9-Apr-09Keefe BruyetteUpgradeMkt PerformOutperform
2-Apr-09FTN Equity CapitalInitiatedBuy
4-Feb-09Fox PittUpgradeIn LineOutperform
4-Feb-09Robert W. BairdDowngradeOutperformNeutral
21-Jan-09Sterne AgeeUpgradeHoldBuy
9-Jan-09Sterne AgeeDowngradeBuyHold
10-Dec-08Morgan KeeganDowngradeOutperformMkt Perform
24-Nov-08Sterne AgeeUpgradeHoldBuy
4-Nov-08Sterne AgeeInitiatedHold
15-Oct-08Robert W. BairdUpgradeNeutralOutperform
23-Sep-08Robert W. BairdDowngradeOutperformNeutral
10-Sep-08Morgan KeeganDowngradeOutperformMkt Perform
10-Sep-08Keefe BruyetteDowngradeMkt PerformUnderperform
23-Jul-08Morgan KeeganUpgradeMkt PerformOutperform
23-Jul-08Robert W. BairdUpgradeNeutralOutperform
29-May-08Stifel NicolausUpgradeSellHold
23-Apr-08Keefe BruyetteUpgradeUnderperformMkt Perform
18-Apr-08Robert W. BairdUpgradeUnderperformNeutral
21-Feb-08OppenheimerDowngradePerformUnderperform
4-Feb-08Robert W. BairdDowngradeNeutralUnderperform
4-Feb-08Stifel NicolausDowngradeHoldSell
8-Jan-08Robert W. BairdInitiatedNeutral
11-Dec-07Keefe BruyetteDowngradeMkt PerformUnderperform
19-Oct-07Punk, Ziegel & CoDowngradeBuyMkt Perform
19-Oct-07BernsteinUpgradeUnderperformMkt Perform
4-Jun-07Banc of America SecDowngradeBuyNeutral
16-May-07Punk, Ziegel & CoUpgradeMkt PerformBuy
12-Apr-07Deutsche SecuritiesInitiatedHold
5-Mar-07Punk, Ziegel & CoDowngradeBuyMkt Perform
1-Mar-07Stifel NicolausInitiatedHold
15-Dec-06Friedman BillingsDowngradeMkt PerformUnderperform
20-Jul-06Ryan, Beck & CoDowngradeOutperformMkt Perform
10-Apr-06CIBC Wrld MktsUpgradeSector UnderperformSector Perform
28-Feb-06UBSInitiatedBuy
23-Nov-05Sandler O'NeillDowngradeBuyHold
19-Oct-05Keefe BruyetteUpgradeMkt PerformOutperform
12-Oct-05Morgan KeeganInitiatedOutperform
6-Oct-05OppenheimerDowngradeBuyNeutral
30-Aug-05OppenheimerUpgradeNeutralBuy
25-Aug-05Sandler O'NeillUpgradeHoldBuy
20-Jul-05Sandler O'NeillDowngradeBuyHold
2-Jun-05CIBC Wrld MktsInitiatedSector Underperform
14-Mar-05Sandler O'NeillUpgradeHoldBuy
20-Jan-05PrudentialUpgradeUnderweightNeutral
3-Dec-04Ryan, Beck & CoInitiatedOutperform
21-Oct-04Banc of America SecUpgradeNeutralBuy
11-May-04Legg MasonUpgradeSellHold
11-May-04Bear StearnsUpgradeUnderperformOutperform
10-May-04PrudentialDowngradeNeutralUnderweight
30-Apr-04Banc of America SecInitiatedNeutral
12-Apr-04PrudentialDowngradeOverweightNeutral
27-Jan-04Legg MasonDowngradeHoldSell
13-Jan-04Morgan StanleyDowngradeEqual-weightUnderweight
18-Dec-03OppenheimerInitiatedNeutral
26-Nov-03Friedman BillingsDowngradeMkt PerformUnderperform
20-Nov-03FulcrumDowngradeBuyNeutral
31-Oct-03Deutsche SecuritiesDowngradeBuyHold
29-Oct-03Davenport & CompanyDowngradeBuyNeutral
13-Oct-03USB Piper JaffrayInitiatedMarket Perform
5-Sep-03Deutsche SecuritiesInitiatedBuy
5-Nov-02UBS WarburgDowngradeHoldReduce
7-Oct-02Lehman BrothersDowngradeEqual-weightUnderweight
3-Oct-02UBS WarburgDowngradeBuyHold
15-Aug-02Morgan StanleyInitiatedEqual-weight
11-Jan-02AG EdwardsInitiatedHold
10-Jan-02CIBC Wrld MktsDowngradeBuyHold
14-Nov-01Bear StearnsInitiatedNeutral
15-May-01Keefe BruyetteDowngradeOutperformMkt Perform
16-Apr-01Legg MasonInitiatedMkt Perform
8-Mar-01PrudentialInitiatedHold
11-Jan-01Salomon Smth BrnyInitiatedNeutral
11-Jan-01Friedman BillingsDowngradeBuyAccumulate
11-Jan-01CIBC Wrld MktsUpgradeHoldBuy
4-Jan-01Mrgn Stnly Dn WttrDowngradeOutperformNeutral
12-Dec-00Robinson HumphreyDowngradeBuyOutperform
25-Apr-00Warburg Dillon ReadInitiatedBuy
6-Apr-00PrudentialInitiatedHold
15-Sep-99JP MorganInitiatedMkt Perform
19-Aug-99Schroder & CoInitiatedOutperf. Signif.
28-Jul-99Lehman BrothersUpgradeNeutralOutperform
14-Jul-99Salomon Smth BrnyUpgradeNeutralOutperform
1-Apr-99First Union Cap MktsUpgradeOutperformBuy
1-Apr-99Goldman SachsUpgradeMkt OutperformRecomm. List
16-Feb-99Goldman SachsUpgradeMkt PerformMkt Outperform
12-Jan-99Raymond JamesDowngradeBuyAccumulate
15-Dec-98Wheat First UnionInitiatedOutperform
3-Aug-98Merrill LynchUpgradeLT AccumulateLT Buy
21-Jul-98Josephthal & CoUpgradeHoldBuy
21-Jul-98Friedman BillingsUpgradeAccumulateBuy
20-Jul-98Interstate/Johnsn LnDowngradeLT BuyNeutral
20-Jul-98CS First BostonDowngradeBuyHold
20-Jul-98Raymond JamesUpgradeAccumulateBuy
1-Jul-98Raymond JamesDowngradeBuyAccumulate
18-Mar-98Josephthal & CoDowngradeBuyHold

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