Analysts' Upgrades, Downgrades: Nike

Caterpillar (CAT Quote) estimates cut at Morgan Stanley through 2010. Underweight rating and $31 price target.

Morgan Stanley (MS Quote) target lowered at Credit Suisse to $30 from $40. Maintained Outperform rating.

Micron (MU Quote) numbers reduced at Morgan Stanley. Shares now seen reaching $6.50. Equal-weight rating.

Nike (NKE Quote) numbers cut at Barclays. Shares now seen reaching $70. Overweight rating.

Paychex (PAYX Quote) numbers lowered at Barclays. Estimates cut through 2010. Equal-weight rating and new $28 price target.

Penn National Gaming (PENN Quote) price target up at Goldman to $25 from $23. Maintained Buy rating.

RadioShack (RSH Quote) numbers cut at Merrill. Shares now seen reaching $10. Estimates also lowered. Underperform rating.

WellCare Health Plans (WCG Quote) target cut at Credit Suisse to $13 from $49 based on legal, financial and operational challenges. Maintained Neutral rating.

U.S. Steel numbers cut at Barclays. Shares now seen reaching $45. Estimates also lowered. Equal-weight rating.