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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    12-May-14FBR CapitalUpgradeMkt PerformOutperform
    27-Mar-14DA DavidsonInitiatedNeutral
    24-Jul-13FBR CapitalUpgradeUnderperformMkt Perform
    3-Apr-13OppenheimerDowngradeOutperformPerform
    31-Jan-13Stifel NicolausDowngradeBuyHold
    14-Mar-12FBR CapitalDowngradeMkt PerformUnderperform
    8-Nov-11UBSInitiatedBuy
    31-Oct-11Compass PointDowngradeNeutralSell
    15-Aug-11FBR CapitalUpgradeUnderperformMkt Perform
    22-Jul-11FBR CapitalDowngradeMkt PerformUnderperform
    22-Mar-11Stifel NicolausUpgradeHoldBuy
    18-Feb-11Stifel NicolausDowngradeBuyHold
    5-Jan-11Deutsche BankUpgradeHoldBuy
    11-Nov-10JefferiesInitiatedHold
    2-Jun-10FBR CapitalUpgradeUnderperformMkt Perform
    13-Apr-10UBSDowngradeNeutralSell
    14-Dec-09JP MorganUpgradeUnderweightNeutral
    24-Nov-09Stifel NicolausUpgradeHoldBuy
    22-Oct-09BMO Capital MarketsDowngradeOutperformMarket Perform
    28-Sep-09OppenheimerDowngradeOutperformPerform
    23-Sep-09Collins StewartInitiatedHold
    21-May-09Credit SuisseInitiatedNeutral
    28-Apr-09Deutsche SecuritiesInitiatedHold
    27-Mar-09Stifel NicolausDowngradeBuyHold
    24-Nov-08Stifel NicolausUpgradeHoldBuy
    9-Oct-08Sterne AgeeUpgradeHoldBuy
    24-Sep-08Friedman BillingsDowngradeMkt PerformUnderperform
    9-Sep-08Stifel NicolausDowngradeBuyHold
    24-Jul-08Deutsche SecuritiesUpgradeSellHold
    17-Jun-08Sterne AgeeInitiatedHold
    5-Jun-08Stifel NicolausUpgradeHoldBuy
    16-Jan-08CitigroupInitiatedHold
    12-Sep-07Credit SuisseInitiatedNeutral
    12-Apr-07Deutsche SecuritiesInitiatedSell
    27-Mar-07Stifel NicolausDowngradeBuyHold
    23-Feb-07UBSUpgradeNeutralBuy
    21-Nov-06Morgan StanleyUpgradeEqual-weightOverweight
    14-Sep-06Stifel NicolausUpgradeHoldBuy
    24-Aug-06Friedman BillingsDowngradeOutperformMkt Perform
    20-Apr-06Harris NesbittUpgradeUnderperformNeutral
    10-Feb-06OppenheimerUpgradeNeutralBuy
    12-Oct-05PrudentialInitiatedUnderweight
    30-Sep-05Morgan StanleyInitiatedOverweight
    22-Aug-05AG EdwardsUpgradeHoldBuy
    30-Jun-05JP MorganInitiatedUnderweight
    23-Jun-05Moors & CabotInitiatedBuy
    10-May-05Banc of America SecInitiatedNeutral
    26-Apr-05Smith Barney CitigroupDowngradeBuyHold
    15-Mar-05Harris NesbittInitiatedUnderperform
    2-Mar-05Susquehanna FinancialUpgradeNet NeutralNet Positive
    28-Feb-05Merrill LynchUpgradeNeutralBuy
    3-Jan-05AdvestDowngradeBuyNeutral
    21-Sep-04KeyBanc Capital Mkts / McDonaldInitiatedHold
    16-Jul-04OppenheimerDowngradeBuyNeutral
    1-Jul-04Piper JaffrayDowngradeOutperformMarket Perform
    16-Jan-04Robert W. BairdDowngradeOutperformNeutral
    9-Oct-03USB Piper JaffrayDowngradeStrong BuyOutperform
    2-Oct-03Legg MasonDowngradeBuyHold
    11-Sep-03OppenheimerInitiatedBuy
    17-Jul-03AG EdwardsDowngradeBuyHold
    17-Jul-03Smith Barney CitigroupUpgradeUnderperformIn-line
    30-May-03Ryan, Beck & CoInitiatedMkt Perform
    7-Apr-03Salomon Smth BrnyDowngradeIn-lineUnderperform
    4-Oct-02Robert W. BairdInitiatedOutperform
    11-Jul-02Legg MasonInitiatedBuy
    28-Mar-02Merrill LynchDowngradeNT BuyNT Neutral
    13-Mar-02AG EdwardsDowngradeStrong BuyBuy
    6-Sep-01USB Piper JaffrayInitiatedStrong Buy
    19-Jul-01Keefe BruyetteDowngradeOutperformMkt Perform
    4-Jul-01AG EdwardsUpgradeAccumulateBuy
    3-Jul-01AG EdwardsUpgradeAccumulateBuy
    14-Jun-01Keefe BruyetteUpgradeMkt PerformOutperform
    9-May-01Merrill LynchInitiatedNT Accum/LT Buy
    19-Apr-01Salomon Smth BrnyUpgradeOutperformBuy
    3-Jan-01AG EdwardsDowngradeBuyMaintain Position
    4-Oct-00George K. BaumDowngradeBuyAccumulate
    12-Sep-00Robert W. BairdDowngradeStrong BuyMkt Outperform
    13-Jul-00Lehman BrothersInitiatedBuy
    11-Jul-00PaineWebberInitiatedBuy
    21-Sep-99McDonald InvstDowngradeBuyHold
    16-Aug-99Pacific CrestInitiatedBuy
    1-Mar-99Dain RauscherUpgradeBuy/AvgStrong Buy/Avg
    8-Feb-99McDonlad &CoUpgradeHoldBuy
    26-Jan-99Salomon Smth BrnyInitiatedBuy
    28-Oct-98AG EdwardsInitiatedBuy
    7-Aug-98McDonald & CoUpgradeHoldAggressive Buy
    17-Jul-98Oppenheimer & CoDowngradeStrong BuyHold
    22-Jun-98Goldman SachsDowngradeRecomm. List/BuyMkt Outperform
    17-Apr-98Morgan StanleyDowngradeStrong BuyOutperform

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