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Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY 
DateResearch FirmActionFromTo
9-Feb-12HSBC SecuritiesDowngradeOverweightNeutral
6-Sep-11HSBC SecuritiesUpgradeNeutralOverweight
26-Aug-10Deutsche BankDowngradeBuyHold
7-Oct-09UBSDowngradeBuyNeutral
10-Jun-09JP MorganDowngradeOverweightNeutral
13-Feb-09UBSUpgradeNeutralBuy
31-Jul-08JP MorganDowngradeNeutralUnderweight
5-Mar-08Lehman BrothersDowngradeOverweightEqual-weight
1-Nov-07CitigroupDowngradeHoldSell
12-Oct-07UBSDowngradeBuyNeutral
18-Sep-06Credit SuisseUpgradeNeutralOutperform
12-Apr-06Morgan StanleyDowngradeOverweightEqual-weight
20-Jan-06Goldman SachsUpgradeIn-LineOutperform
27-Oct-05Needham & CoDowngradeBuyHold
15-Sep-05CSFBUpgradeNeutralOutperform
24-May-05Deutsche SecuritiesUpgradeHoldBuy
31-Mar-05Merrill LynchUpgradeNeutralBuy
8-Mar-05Susquehanna FinancialUpgradeNet NeutralNet Positive
15-Dec-04Deutsche SecuritiesDowngradeBuyHold
25-Oct-04Smith Barney CitigroupUpgradeSellHold
24-Aug-04Thomas WeiselInitiatedPeer Perform
9-Jun-04Goldman SachsDowngradeOutperformIn-Line
28-Aug-03Merrill LynchUpgradeNeutralBuy
6-May-03Bear StearnsDowngradeOutperformPeer Perform
31-Mar-03Deutsche SecuritiesDowngradeHoldSell
30-Jan-03JP MorganUpgradeNeutralOverweight
30-Jan-03Banc of America SecDowngradeBuyNeutral
15-Oct-02Thomas WeiselDowngradeBuyAttractive
31-Jul-02Deutsche SecuritiesUpgradeMkt PerformBuy
23-Jul-02Merrill LynchDowngradeNT Strong Buy/LT Strong BuyNT Neutral/LT Buy
24-May-02PrudentialInitiatedBuy
27-Mar-02Merrill LynchUpgradeNT BuyNT Strong Buy
30-Jan-02Thomas WeiselUpgradeAttractiveBuy
18-Dec-01CSFBInitiatedBuy
8-Oct-01Morgan StanleyUpgradeNeutralOutperform
24-Sep-01ABN AMRODowngradeAddHold
16-May-01Banc of America SecInitiatedBuy
30-Mar-01Thomas WeiselInitiatedMkt Perform
28-Feb-01Wit SoundViewInitiatedBuy
27-Nov-00Mrgn Stnly Dn WttrDowngradeStrong BuyOutperform
20-Nov-00Salomon Smth BrnyDowngradeBuyOutperform
17-Nov-00Bear StearnsInitiatedBuy

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