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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
21-Jan-14HSBC SecuritiesInitiatedOverweight
8-Jan-13HSBC SecuritiesUpgradeNeutralOverweight
20-Sep-10Standpoint ResearchDowngradeBuyHold
26-Feb-10UBSDowngradeNeutralSell
27-Apr-09UBSDowngradeBuyNeutral
9-Mar-09CitigroupUpgradeSellHold
2-Mar-09HSBC SecuritiesDowngradeOverweightNeutral
17-Dec-08JP MorganDowngradeOverweightNeutral
7-Nov-08HSBC SecuritiesUpgradeNeutralOverweight
9-Nov-07UBSDowngradeBuyNeutral
30-Jul-07Bear StearnsUpgradePeer PerformOutperform
24-Jul-07Bear StearnsDowngradeOutperformPeer Perform
5-Jul-07JP MorganUpgradeNeutralOverweight
12-Jun-06Bear StearnsInitiatedOutperform
12-May-06Morgan StanleyDowngradeOverweightEqual-weight
21-Feb-06HSBC SecuritiesDowngradeOverweightNeutral
1-Apr-05Merrill LynchUpgradeNeutralBuy
13-Jan-05Merrill LynchDowngradeBuyNeutral
21-Jan-04UBSUpgradeReduceNeutral
15-Apr-02JP MorganUpgradeMkt PerformLT Buy

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