Wednesday's Analysts' Upgrades and Downgrades

Illinois Tool Works (ITW Quote) numbers raised at UBS: ITW numbers raised at UBS. Price target lifts to $52 from $49. 2007 EPS estimates raised to $3.30 from $3.25. Reiterates Neutral rating.

Kinetic Concepts (KCI Quote) numbers raised at Jefferies: KCI numbers raised at Jefferies. Price target jumps to $51 from $39. 2007 EPS estimates upped to $3.27 from $2.90. Reiterates Hold rating.

Lexmark (LXK Quote) numbers lowered at UBS: LXK numbers lowered at UBS. Price target drops to $67 from $76. 2007 EPS estimates fall to $3.90 from $3.85. Reiterates Neutral rating.

3M (MMM Quote) price target slashed at Goldman: Goldman is cutting its target on MMM following Q4 earnings miss. Largest shortfall was in display and graphics group which includes LCD film business. Reduced 2007 estimates to $4.60 from $4.90 due to operating factors and increased dilution expectations from sale of pharma group. Maintained Neutral rating.

3M numbers lowered at UBS: MMM numbers lowered at UBS. Price target drops to $90 from $100. 2007 EPS estimates fall to $4.80 from $5.20. Reiterates Buy rating.

Paccar (PCAR Quote) numbers raised at UBS: PCAR numbers raised at UBS. Price target lifts to $62 from $58. 2007 EPS estimates raised to $4.20 from $4.00. Reiterates Reduce rating.

SanDisk (SNDK Quote) estimates lowered at Goldman: 2007 estimates on SNDK cut to $1.80 from $2.15 at Goldman. Company reported solid Q4, but gave Q1 sales guidance below expectations. Estimates also negatively affected by integration of lower margin M Systems business. Maintained Neutral rating and $46 target.

Websense (WBSN Quote) estimates cut at Credit Suisse: Credit Suisse is lowering its 2007 EPS estimates on WBSN to 57 cents from 69 cents after Q4 gross billing and revenues fell short of estimates. Lowered target price to $26 from $29.

Wyeth (WYE Quote) estimates cut at Prudential: Prudential is cutting its 2007 estimates on WYE by 6 cents to $3.44 a share following disappointing Q4 earnings. Maintained Neutral Weight rating.

U.S. Steel (X Quote) price target raised at Goldman: Goldman is upping its target on X to $113 from $104 due to benefits of lower pension costs. See improvement in steel demand and pricing by Q2 of this year. Maintained Buy rating.