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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
8-Apr-16CitigroupInitiatedNeutral
21-Sep-15Societe GeneraleUpgradeHoldBuy
23-Jun-15NomuraDowngradeBuyNeutral
28-May-15Morgan StanleyUpgradeEqual-WeightOverweight
16-May-13StifelUpgradeHoldBuy
13-Jun-11Stifel NicolausDowngradeBuyHold
7-Mar-11ArgusDowngradeBuyHold
29-Mar-10Deutsche BankDowngradeBuyHold
25-Mar-10ArgusUpgradeHoldBuy
5-Feb-10Barclays CapitalInitiatedOverweight
17-Feb-09Credit SuisseDowngradeOutperformNeutral
12-Feb-09ArgusDowngradeBuyHold
11-Feb-09JP MorganUpgradeNeutralOverweight
6-Nov-08BMO Capital MarketsUpgradeMarket PerformOutperform
30-Jul-08JP MorganDowngradeOverweightNeutral
30-Apr-08BMO Capital MarketsInitiatedMarket Perform
22-Apr-08Credit SuisseInitiatedOutperform
24-Mar-08Stifel NicolausUpgradeHoldBuy
23-Jan-08Banc of America SecUpgradeNeutralBuy
28-Nov-07UBSUpgradeNeutralBuy
11-Oct-07UBSDowngradeBuyNeutral
29-Aug-07JP MorganUpgradeNeutralOverweight
13-Jun-07UBSUpgradeNeutralBuy
3-Apr-07BernsteinDowngradeOutperformMkt Perform
16-Mar-07Bear StearnsUpgradeUnderperformPeer Perform
22-Jan-07UBSDowngradeBuyNeutral
5-Oct-06Bear StearnsDowngradePeer PerformUnderperform
3-May-06Banc of America SecDowngradeBuyNeutral
1-May-06Stifel NicolausDowngradeBuyHold
21-Apr-06Morgan StanleyUpgradeUnderweightEqual-weight
10-Apr-06Deutsche SecuritiesDowngradeBuyHold
2-Mar-06Stifel NicolausUpgradeHoldBuy
17-Feb-06PrudentialInitiatedUnderweight
5-Oct-05Bear StearnsUpgradeUnderperformPeer Perform
2-May-05Deutsche SecuritiesUpgradeHoldBuy
28-Mar-05CSFBUpgradeNeutralOutperform
3-Mar-05Goldman SachsUpgradeIn-LineOutperform
1-Mar-05Legg MasonDowngradeBuyHold
10-Feb-05Bear StearnsInitiatedUnderperform
7-Jan-04Friedman BillingsUpgradeMkt PerformOutperform
11-Feb-03JP MorganInitiatedOverweight
24-Jan-03Morgan StanleyUpgradeEqual-weightOverweight
5-Jun-02Keefe BruyetteUpgradeOutperformBuy
22-Mar-00Warburg Dillon ReadDowngradeStrong BuyHold
22-Mar-00ING BaringsDowngradeStrong BuyHold
7-Feb-00JP MorganDowngradeBuyMkt Perform
25-Oct-99Warburg Dillon ReadUpgradeHoldStrong Buy
22-Oct-99Warburg Dillon ReadUpgradeBuyStrong Buy
16-Jul-99ING BaringsInitiatedStrong Buy
27-May-99JP MorganUpgradeLT BuyBuy
5-May-99Goldman SachsDowngradeMkt OutperformMkt Perform
5-Mar-99JP MorganInitiatedLT Buy
16-Dec-98Merrill LynchUpgradeNT AccumulateNT Buy
26-Nov-98Bear StearnsDowngradeAttractiveNeutral
25-Nov-98Bear StearnsDowngradeAttractiveNeutral
10-Aug-98Bear StearnsUpgradeNeutralAttractive
13-Apr-98JP MorganDowngradeBuyLT Buy

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