Thursday's Analysts' Upgrades and Downgrades

McKesson (MCK Quote) target price raised at Credit Suisse: Credit Suisse is raising its target price on MCK to $65 from $61. Believes Q3 results will beat estimates and valuation is compelling compared to peers. Maintained Outperform rating.

Microsoft (MSFT Quote) target price raised at Prudential: Prudential is raising its target price on MSFT from $34 to $36 as new products are meeting strong demand. Maintained Overweight rating.

OSI Systems (OSIS Quote) numbers raised at Jefferies: OSIS numbers raised at Jefferies. FY 2008 EPS numbers rise by nearly 40% to $0.90 from $0.65. Price target jumps to $30 from $24. Reiterates Buy rating.

Steel Dynamics (STLD Quote) price target increased at Goldman: Target on STLD raised to $47 from $44 at Goldman. Stronger outlook for second half of 2007 and 2008 based on growth in shipping volumes and product-mix improvement. Expect multiple expansion as investors recognize sustainability of strong steel cycle. Maintained Buy rating.

Steel Dynamics numbers raised at UBS: STLD numbers raised at UBS. Price target lifts to $40 from $37. FY 2007 EPS estimates upped to $3.95 from $3.75 and FY 2008 estimates rise to $4.15 from $3.80. Reiterates Neutral rating.

Textron (TXT Quote) price target cut at Goldman: Goldman is cutting its target on TXT to $100 from $105 due to additional costs relating to redesign of Armed Reconnaissance Helicopter. Earnings results showed higher costs in Bell's commercial business. Maintained Neutral rating.

Unisys (UIS Quote) estimates lowered at Goldman: Goldman is cutting its 2008 estimates on UIS to $0.55 from $0.60 due to lower revenue expectations and higher tax rate. Reiterated Sell rating.