Thrift stocks were jolted Wednesday when Lehman Brothers delivered a large-scale downgrade to the savings and loan industry.

Citing concerns about profits, analyst Bruce W. Harting sliced ratings on 11 thrifts, including H.F. Ahmanson & Co., which fell $3.875, to $57.875; Charter One Financial Inc., down $3.75, to $57.125; Golden West Financial Corp., off $3, to $89.125; and Long Island Bancorp, off $1.625, to $46.125.

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