NEW YORK (TheStreet) -- RATINGS CHANGES

Applied Materials(AMAT) - Get Report was upgraded at Bank of America/Merrill Lynch to buy from neutral. Twelve-month price target is $25. Risk/reward is attractive at current levels, Bank of America/Merrill Lynch said.

Apache (APA) - Get Report was downgraded to hold at TheStreet Ratings.

Watch the video below for more of Wednesday's analysts' actions:

Baker Hughes (BHI) was upgraded at Sterne Agee to buy from neutral. Twelve-month price target is $72. Estimates cut, but the company has pulled back to an attractive price, Sterne Agee said.

Borg Warner(BWA) - Get Report was upgraded at Sterne Agee to buy. Twelve-month price target is $67. Estimates were also increased, given higher expected production in North America, Sterne Agee said.

Cavium (CAVM) was upgraded at JMP Securities to outperform from market perform. Twelve-month price target is $50. Recent industry checks suggest optimism about new product cycles, JMP Securities said.

CBS(CBS) - Get Report was upgraded at Citigroup to buy from neutral. Twelve-month price target is $60. Company traded at an attractive valuation and can buy back $6 billion of stock in the next two years, Citigroup said.

Intel(INTC) - Get Report was downgraded at Morgan Stanley to underweight. Twelve-month price target is $30. Shipments are outpacing demand, Morgan Stanley said.

Lithia Motors(LAD) - Get Report was upgraded at Morgan Stanley to overweight. Twelve-month price target is $75. Stock is attractive, following a 30% selloff, Morgan Stanley said.

Grand Canyon(LOPE) - Get Report was upgraded at Robert Baird to outperform from neutral. Stock has pulled back to an attractive level, Robert Baird said.

Micron(MU) - Get Report was upgraded at J.P. Morgan to overweight from neutral. Twelve-month price target is $36. Company is leveraged to strong memory fundamentals, J.P. Morgan said.

NuStar Energy(NS) - Get Report was downgraded to hold at TheStreet Ratings.

Sabra Health(SBRA) - Get Report was upgraded at Bank of America/Merrill Lynch to buy from neutral. Valuation call, based on a 12-month price target of $28.50, Bank of America/Merrill Lynch said.

Treehouse(THS) - Get Report was downgraded at Keybanc to underweight from hold. Twelve-month price target is $70. Company is likely to lose significant market share in its Keurig business, Keybanc said.

United Natural(UNFI) - Get Report was upgraded at Piper Jaffray to overweight from neutral. Twelve-month price target is $74. Company is growing despite a slowdown at Whole Foods (WFM) , Piper Jaffray said.

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This article was written by a staff member of TheStreet.