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CHANGE IN RATINGS
BJ Services (BJS Quote) downgraded at Wachovia to Market Perform. Stock is up 33% since mid-November, and the international pressure pumping market remains weak.Bucyrus (BUCY Quote) upgraded at Goldman Sachs to Buy from Neutral based on improving China demand and resilient earnings driven by higher commodity prices. First-quarter aftermarket sales and orders were both stronger than expected. Price target raised to $23 from $16.
Con-Way (CNW Quote) downgraded at Credit Suisse from Neutral to Underperform based on high fixed costs; falling volume and prices. Lowered target price to $14 from $16.
Entergy (ETR Quote) upgraded at Jefferies ETR was upgraded from Hold to Buy. $77 price target. Valuation call. On the other hand, estimates were also cut, to reflect lower natural gas prices. ...
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