BJ Services ( BJS) downgraded at Wachovia to Market Perform. Stock is up 33% since mid-November, and the international pressure pumping market remains weak.

Bucyrus ( BUCY) 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) 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) 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.

Joy Global ( JOYG) upgraded at Goldman Sachs to Buy from Neutral based on improving Chinese demand, relative valuation and preference for mining equipment stocks over other machinery. Note that earnings have been resilient thanks to higher commodity prices, which should continue as Chinese GDP growth is expected to accelerate in 2010. Price target raised to $32 from $20.

Marriott ( MAR) downgraded at UBS. Rating lowered to Neutral from Buy. Price target raised to $23.25 from $21.00. 2009 EPS estimates lowered to $0.94 from $0.97.

Quest Software ( QSFT) upgraded at Goldman to Buy from Neutral. Current expectations are extremely low, leaving room for earnings upside. Also note strong brand, especially in Microsoft tools space. Price target raised to $17 from $16.50.

Royal Caribbean ( RCL) downgraded at Credit Suisse to Neutral from Outperform. Cites positive catalysts -- including increased visibility and diminished liquidity concerns have been realized. Maintained $14 target.

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