Ladenburg Thalmann analyst Dick Bove cut his price target on Wachovia Corp today by $2 to $17, and reversed his 2008 estimate for WB to a loss of 23 cents per share from a prior prediction of a 69 cents...

Ladenburg analyst Richard Bove has endorsed Phil Purcell for CEO of Wachovia. Bear with me while I gather my thoughts on the matter, and the fact that Bove instructed WB to "make him an offer he cannot refuse." Stand by....