NEW YORK ( TheStreet) -- CHANGE IN RATINGS Arch Coal ( ACI) was upgraded at BMO Capital from underperform to market perform. $8 price target. Met coal fundamentals appear to be improving, BMO said. Alpha Natural ( ANR) was upgraded at BMO from underperform to market perform. $8 price target. Estimates were also increased, given the company's new guidance, BMO said. Arotech ( ARTX) upgraded to hold at TheStreet Ratings. First PacTrust Bancorp ( BANC) upgraded to buy at TheStreet Ratings. BB&T ( BBT) was upgraded at Bank of America/Merrill Lynch to buy. Stock is attractive, following a 15% pullback, BofA/Merrill said. $32 price target. Berry Plastics ( BERY) was initiated with an outperform rating at Wells Fargo. Company offers innovative products and can pay down debt, Wells Fargo said. Bristol-Myers Squibb ( BMY) was downgraded at BMO Capital to market perform from outperform. $37 price target. A number of pipeline setbacks this year, BMO Capital said. Caterpillar ( CAT) was downgraded at JP Morgan from overweight to neutral. $90 price target. Company has high inventory levels and faces lower mining spending, JP Morgan said. Comerica ( CMA) was upgraded at Citigroup from sell to neutral. $28 price target. Stock is down 11% over the past seven months, Citi said. Disney ( DIS) was upgraded at Citi from neutral to buy. $54 price target. Recent acquisitions should boost future growth, Citi said. Garmin ( GRMN) was downgraded at Goldman Sachs from neutral to sell. $34 price target. Company is seeing lower demand for personal navigation and fitness devices, Goldman said. Hibbett Sports ( HIBB) was upgraded at Needham from hold to buy. Stock is down about 15% from its recent highs, Needham said. $61 price target. JC Penney ( JCP) was downgraded at Credit Suisse from neutral to underperform. $15 price target. Estimates were also cut, as management is struggling to turn the business around, Credit Suisse said. Johnson & Johnson ( JNJ) was downgraded at Jefferies to hold from buy. $75 price target. Easy money has been made, Jefferies said. Merck ( MRK) was upgraded at BMO Capital to outperform from market perform. $50 price target. Positive data from two early-stage products, BMO Capital said. Nelnet ( NNI) was upgraded at Credit Suisse from neutral to outperform. $33 price target. Estimates were also boosted, given loan purchases and higher realized net interest margin, Credit Suisse said. NYSE Euronext ( NYX) was upgraded at Stifel Nicolaus from hold to buy. $27 price target. Stock is attractively valued at a 52-week low, Stifel Nicolaus said. Telephone & Data ( TDS) was upgraded at Citigroup from neutral to buy. $27 price target. Management is selling assets while it is faced with with increased competition, Citi said. Tripadvisor ( TRIP) was upgraded at Morgan Stanley from underweight to overweight. $41 price target. Company is changing its monetization strategy and remains leveraged to higher hotel shopper growth, Morgan Stanley said. US Cellular ( USM) was upgraded at Citigroup from neutral to buy. $42 price target. Wireless asset purchase should be accretive to shareholder value, Citi said. Vertex Pharmaceuticals ( VRTX) was downgraded at Credit Suisse from outperform to neutral. $48 price target. Company will likely see lower Incivek sales, Credit Suisse said. Western Union ( WU) was upgraded at DA Davidson to neutral from underperform. $13 price target. At current prices, downside appears minimal, DA Davidson said.