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uly 11 (Reuters) - Fox-Pitt Kelton cut Wachovia Corp’s (WB.N: Quote, Profile, Research, Stock Buzz) rating and price target on its expectation that the bank would announce a big capital raise and a further dividend cut when it announces second-quarter results on July 22.
The brokerage cut the bank to “in-line” from “outperform,” and slashed its [...]