Our Ratings Definitions

• Buy rated stocks generally have 12-month price targets that are more than 20% above the current price.
• Hold rated stocks generally have 12-month price targets near the current price.
• Sell rated stocks generally have no price target and we would sell the stock.

Prior to July 1, 2011, our Ratings Definitions were:
Buy: rated stocks generally have 12-month price targets that are more than 20% above the current price. Accumulate: rated stocks generally have 12-month price targets above the current price but lack a visible catalyst. This rating includes Early View coverage. Neutral: rated stocks generally have no price target and we would sell the stock.

Prior to December 31, 2005, our Ratings Definitions were:
Buy: 12-month or longer price target generally is at least 20% higher than the current price. Neutral: 12-month or longer price target generally is in a range of 19% higher to 10% lower than the current price. Sell: 12-month or longer price target generally is at least 10% below the current price. Early View: Evolving fundamentals. Insufficient information to assign Buy/Neutral/Sell rating or price target.