Thursday's Analysts' Upgrades, Downgrades

Parker HannafinPH numbers raised at Jefferies. Price target raised to $75 from $68. 2008 EPS estimates raised to $5.57 from $5.24. Maintains hold rating.

Pulte HomesPHM 2008 EPS estimates lowered at UBS to -$1.68 from -$1.55. Maintains price target of $8 and sell rating.

PraxairPX numbers raised at Jefferies. Price target raised to $107 from $103. 2008 EPS estimates raised to $4.25 from $4.15. Maintains buy rating.

StarbucksSBUX price target cut at Goldman to $18 from $20 after company pre-released weak second-quarter earnings. See limited visibility regarding improvements in fundamentals and potential for increasing competition from MCD. Maintained neutral rating.

Schering-PloughSGP numbers raised at Morgan Stanley. SGP now seen reaching $22 a share. Estimates also raised, to reflect the company's new expense leverage. Overweight rating.

SunTrustSTI numbers lowered at UBS. 2008 EPS estimates lowered to $3.70 from $5.00. Price target lowered to $54 from $66. Maintains neutral rating.

Steel DynamicsSTLD 2008 EPS estimates raised at Jefferies to $3.20 from $2.62. Maintains $31 price target and hold rating.

Steel Dynamics numbers raised at Morgan Stanley. STLD shares now seen reaching $44. Estimates also increased, to reflect the accretive Omnisource acquisition. Overweight rating.

Teledyne TechnologiesTDY numbers raised at Jefferies. 2008 EPS estimates increased to $3.10 from $2.95. Price target raised to $63 from $60. Maintains buy rating.

TupperwareTUP removed from Focus List at JPMorgan. Valuation call, as the stock has reached the $46 price target. Overweight rating.

XL CapitalXL numbers lowered at UBS. 2008 EPS estimates lowered to $7.95 from $9.05. Price target lowered to $64 from $66. Maintains buy rating.

XilinxXLNX 2008 EPS estimates lowered at UBS to $1.44 from $1.52. Maintains buy rating and $27 price target.