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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    16-Jul-15CitigroupUpgradeNeutralBuy
    9-Jul-15Exane BNP ParibasUpgradeNeutralOutperform
    1-Jun-15SwedbankUpgradeSellNeutral
    18-May-15GoldmanDowngradeNeutralSell
    4-May-15Societe GeneraleUpgradeSellHold
    22-Apr-15Danske BankDowngradeHoldSell
    3-Dec-14BarclaysDowngradeOverweightEqual Weight
    12-Jun-14Deutsche BankDowngradeBuyHold
    15-May-14RBC Capital MktsDowngradeTop PickSector Perform
    7-Feb-14Howard WeilUpgradeSector OutperformFocus Stock
    6-Dec-13HSBC SecuritiesInitiatedUnderweight
    18-Jun-13Howard WeilUpgradeSector PerformSector Outperform
    31-May-13HSBC SecuritiesUpgradeNeutralOverweight
    19-Feb-13HSBC SecuritiesUpgradeUnderweightNeutral
    7-Jan-13Howard WeilDowngradeMarket OutperformMarket Perform
    31-Oct-12HSBC SecuritiesDowngradeNeutralUnderweight
    17-Jan-12Howard WeilUpgradeMarket PerformMarket Outperform
    30-Aug-11Howard WeilInitiatedMarket Perform
    24-Jan-11HSBC SecuritiesUpgradeNeutralOverweight
    22-Dec-10JefferiesInitiatedBuy
    15-Apr-10Credit SuisseUpgradeUnderperformNeutral
    19-Jan-10Collins StewartDowngradeBuyHold
    9-Jul-09UBSUpgradeSellNeutral
    8-Jun-09UBSDowngradeNeutralSell
    15-May-09HSBC SecuritiesDowngradeOverweightNeutral
    11-Mar-09CitigroupDowngradeHoldSell
    23-Feb-09JP MorganDowngradeOverweightNeutral
    6-Feb-09CitigroupDowngradeBuyHold
    14-Jan-09UBSDowngradeBuyNeutral
    27-Jun-08JP MorganUpgradeNeutralOverweight
    15-May-08HSBC SecuritiesDowngradeOverweightNeutral
    24-Jan-08CitigroupUpgradeHoldBuy
    15-Jan-08Credit SuisseUpgradeNeutralOutperform
    10-Dec-07Deutsche SecuritiesDowngradeBuyHold
    29-Nov-07Bear StearnsInitiatedOutperform
    20-Nov-07UBSUpgradeNeutralBuy
    27-Sep-07Credit SuisseDowngradeOutperformNeutral
    26-Sep-07JP MorganDowngradeOverweightNeutral
    23-Oct-06Banc of America SecUpgradeNeutralBuy
    18-Oct-06HSBC SecuritiesUpgradeNeutralOverweight
    23-Jun-06Deutsche SecuritiesUpgradeHoldBuy
    19-May-06Lehman BrothersUpgradeUnderweightEqual-weight
    25-Apr-06Banc of America SecDowngradeBuyNeutral
    24-Apr-06Lehman BrothersDowngradeEqual-weightUnderweight
    4-Jan-06Banc of America SecUpgradeNeutralBuy
    9-Jun-05UBSDowngradeBuyNeutral
    4-Mar-05Banc of America SecDowngradeBuyNeutral
    17-Dec-04Deutsche SecuritiesUpgradeHoldBuy
    13-Dec-04JP MorganUpgradeNeutralOverweight
    19-Nov-04Banc of America SecInitiatedBuy
    20-Mar-03Lehman BrothersDowngradeOverweightEqual-weight
    15-Oct-02Lehman BrothersUpgradeEqual-weightOverweight
    9-Sep-02Lehman BrothersDowngradeOverweightEqual-weight
    19-Dec-01CSFBDowngradeBuyHold
    16-Nov-01Deutsche Bc Alex. BrDowngradeMkt PerformMkt Underperform
    16-Nov-98JP MorganUpgradeMkt PerformBuy
    11-May-98Bear StearnsUpgradeAttractiveBuy
    8-May-98Bear StearnsUpgradeAttractiveBuy
    7-May-98Bear StearnsUpgradeAttractiveBuy
    8-Apr-98Goldman SachsUpgradeMkt PerformMkt Outprfm
    7-Apr-98Goldman SachsUpgradeMkt PerformMkt Outprfm
    6-Apr-98Goldman SachsUpgradeMkt PerformMkt Outprfm
    3-Apr-98Goldman SachsUpgradeMkt PerformMkt Outprfm
    2-Apr-98Goldman SachsUpgradeMkt PerformMkt Outprfm
    1-Apr-98Goldman SachsUpgradeMkt PerformMkt Outprfm

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