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Analysts' Upgrades, Downgrades: Wachovia

See who made what calls.

Change in Ratings

TD Ameritrade

(AMTD) - Get TD Ameritrade Holding Corporation Report

downgraded at Credit Suisse to Neutral from Outperform. Believes shares are fully valued at 14.8 times 2009 earnings estimates. Maintained $22 target price.


(KMB) - Get Kimberly-Clark Corporation (KMB) Report

upgraded at Citigroup from Hold to Buy. $71 price target. Energy prices have pulled back sharply since the company's warning on July 14, and KMB has less currency exposure than its peers.


(PCH) - Get PotlatchDeltic Corporation Report

downgraded at Credit Suisse to Neutral from Outperform based on valuation. Stock is essentially trading within $53 target price after announcing plans to spin off paper business.

Procter & Gamble

(PG) - Get Procter & Gamble Company Report

downgraded at Merrill from Buy to Neutral. $75 price target. Valuation call, as the stock has run 19% from its June lows.

TW Telecom


downgraded at Citigroup from Buy to Hold. $17 price target. New growth areas will likely be overshadowed by rising economic headwinds.


(WB) - Get Weibo Corp Sponsored ADR Class A Report

downgraded at Merrill to Underperform. Estimates also cut given a weaker outlook for credit losses, loan-loss provisions and fee income. Company will see little benefit from the GSE support. $16 price target.

Wet Seal


downgraded at Credit Suisse to Neutral from Outperform. Cites difficult productivity comparisons going forward. Lowered target price to $5 from $6.

TheStreet Recommends

Weight Watchers

(WTW) - Get Weight Watchers International, Inc. Report

downgraded at Merrill from Neutral to Underperform. $40 price target. Expect sluggish enrollment and retention trends to continue through the end of the year.

Stock Comments/EPS Changes


(AMGN) - Get Amgen Inc. Report

numbers lowered at UBS. Fiscal 2009 EPS estimates lowered to $4.58 from $4.61. Price target lowered to $66 from $68. Maintains Neutral rating.

Strategy Calls/Market Calls

Homebuilding sector downgraded at Credit Suisse. Firm downgrades

D.R. Horton

(DHI) - Get D.R. Horton, Inc. Report



(TOL) - Get Toll Brothers, Inc. Report



(PHM) - Get PulteGroup, Inc. Report


KB Home

(KBH) - Get KB Home Report

to Neutral from Overweight based on further deterioration in traffic and higher valuation.

This article was written by a staff member of