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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
15-May-14CowenUpgradeMarket PerformOutperform
18-Sep-13BMO Capital MarketsInitiatedMarket Perform
14-Jan-13KeyBanc Capital MktsUpgradeHoldBuy
23-Aug-12Dahlman RoseDowngradeBuyHold
22-Feb-12LongbowDowngradeBuyNeutral
17-Jan-12Deutsche BankInitiatedBuy
3-Nov-11Barclays CapitalInitiatedEqual Weight
30-Sep-11LongbowInitiatedBuy
21-Sep-10LongbowDowngradeBuyNeutral
13-May-10LongbowUpgradeNeutralBuy
8-Mar-10KeyBanc Capital MktsUpgradeHoldBuy
15-Jul-09DavenportInitiatedNeutral
16-Jun-09Dahlman RoseUpgradeHoldBuy
12-Jun-09MerrimanInitiatedNeutral
18-Dec-08Barclays CapitalUpgradeEqual WeightOverweight
11-Jul-08CitigroupUpgradeHoldBuy
9-Jul-08UBSUpgradeNeutralBuy
23-Apr-08CitigroupDowngradeBuyHold
26-Feb-08UBSDowngradeBuyNeutral
29-Oct-07LongbowDowngradeBuyNeutral
26-Oct-07UBSDowngradeBuyNeutral
5-Sep-07UBSUpgradeNeutralBuy
5-Jul-07LongbowUpgradeNeutralBuy
30-May-07CitigroupInitiatedBuy
29-May-07UBSDowngradeBuyNeutral
30-Mar-07UBSUpgradeNeutralBuy
27-Feb-07Lehman BrothersInitiatedEqual-weight
11-Dec-06UBSDowngradeBuyNeutral
16-Nov-06LongbowDowngradeNeutralSell
15-Aug-06Banc of America SecInitiatedNeutral
24-Jul-06Bear StearnsDowngradeOutperformPeer Perform
29-Mar-06KeyBanc Capital Mkts / McDonaldUpgradeBuyAggressive Buy
27-Mar-06UBSUpgradeNeutralBuy
27-Jan-06LongbowUpgradeSellNeutral
25-Oct-05Goldman SachsUpgradeIn-LineOutperform
8-Aug-05KeyBanc Capital Mkts / McDonaldUpgradeHoldBuy
7-Jul-05Bear StearnsUpgradePeer PerformOutperform
24-Jun-05Morgan StanleyDowngradeOverweightEqual-weight
10-May-05KeyBanc Capital Mkts / McDonaldDowngradeAggressive BuyHold
21-Mar-05JP MorganUpgradeNeutralOverweight
14-Dec-04Jefferies & CoInitiatedHold
6-Dec-04UBSDowngradeBuyNeutral
11-Nov-04LongbowDowngradeMkt PerformUnderperform
3-Nov-04UBSUpgradeNeutralBuy
2-Nov-04Goldman SachsDowngradeOutperformIn-Line
8-Oct-04UBSDowngradeBuyNeutral
15-Sep-04Merrill LynchInitiatedBuy
9-Sep-04UBSInitiatedBuy
25-Aug-04Goldman SachsUpgradeIn-LineOutperform
6-Jul-04Morgan StanleyUpgradeEqual-weightOverweight
7-May-04Goldman SachsDowngradeOutperformIn-Line
28-Apr-04KeyBanc Capital Mkts / McDonaldUpgradeBuyAggressive Buy
22-Jan-04UBSInitiatedBuy
2-Dec-03McDonald InvstDowngradeAggressive BuyBuy
4-Jun-03Bear StearnsDowngradeOutperformPeer Perform
3-Feb-03JP MorganDowngradeNeutralUnderweight
29-Jan-03Salomon Smth BrnyUpgradeIn-lineOutperform
5-Dec-02Salomon Smth BrnyDowngradeOutperformIn-line
19-Apr-02JP MorganDowngradeBuyMkt Perform
19-Apr-02Bear StearnsDowngradeBuyNeutral
14-Mar-02McDonald InvstUpgradeHoldAggressive Buy
5-Dec-01Salomon Smth BrnyUpgradeNeutralBuy
1-Oct-01Goldman SachsUpgradeMkt PerformTrading Buy
20-Sep-01Salomon Smth BrnyDowngradeBuyNeutral
10-Sep-01Morgan StanleyDowngradeOutperformNeutral
28-Mar-01Goldman SachsInitiatedMkt Perform
31-Jan-01Mrgn Stnly Dn WttrDowngradeStrong BuyOutperform
21-Sep-00ABN AMRODowngradeBuyOutperform
29-Mar-00McDonald InvstDowngradeBuyHold
16-Feb-00ABN AMROUpgradeOutperformBuy
2-Feb-00ABN AMROUpgradeHoldOutperform
25-Oct-99Lehman BrothersInitiatedBuy
13-Oct-99McDonald InvstDowngradeAggressive BuyBuy
18-May-99ABN AMROInitiatedHold
5-May-99JP MorganUpgradeMkt PerformBuy
3-Feb-99PrudentialDowngradeAccumulateHold
2-Feb-99Goldman SachsDowngradeRecomm. ListTrading Buy
29-Jan-99McDonald InvstUpgradeBuyAggressive Buy
28-Jan-99Salomon Smth BrnyUpgradeNeutralBuy
23-Dec-98JP MorganInitiatedMkt Perform
10-Dec-98Bear StearnsInitiatedBuy
24-Jul-98Salomon Smth BrnyDowngradeBuyNeutral
12-Jun-98DLJDowngradeRecomm. ListBuy

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