Analysts' Upgrades, Downgrades: Wachovia - TheStreet

Analysts' Upgrades, Downgrades: Wachovia

See who made what calls.
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Change in Ratings

TD Ameritrade

(AMTD) - Get 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.

Kimberly-Clark

(KMB) - Get 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.

Potlatch

(PCH) - Get 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 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

(TWTC)

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

Wachovia

(WB) - Get 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

(WTSLA)

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

Weight Watchers

(WTW) - Get 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

Amgen

(AMGN) - Get 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 Report

,

Toll

(TOL) - Get Report

,

Pulte

(PHM) - Get Report

and

KB Home

(KBH) - Get Report

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

This article was written by a staff member of TheStreet.com.