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Early analyst calls (WM) (VMW) (CAT) (TGT)

Piper Jaffray downgraded Washington Mutual (NYSE:WM) to "sell" from "neutral", according to Briefing.com. The news service also reports that Citigroup cut VMWare (NYSE:VMW) to "hold" from "buy" and cut its price target to $33 from $52.

Deutsche Bank downgraded TRW (NYSE:TRW) to "hold" from "buy", according to MarketWatch.

Caterpillar (NYSE:CAT) Cut to Neutral at JPMorgan according to 24/7 Wall St. The financial website also reports Target Corp. (NYSE:TGT) Cut to Neutral at Credit Suisse.

Douglas A. McIntyre

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Last updated: August 21, 2008: 07:36 PM

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