Analyst Bruce W. Harting of Salomon Brothers Inc. downgraded shares of Golden West Financial Corp. on Thursday to "hold" from "buy" because of the stock's recent rise in price.

"At two months it was the most short-lived buy rating I've ever had," Mr. Harting said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.