NEW YORK ( TheStreet) -- CHANGE IN RATINGSApache ( APA) was upgraded at Oppenheimer to outperform from perform. $100 price target. Stock has priced in risks and the company is buying back shares and debt, Oppenheimer said. BB&T ( BBT) was upgraded at Goldman Sachs to buy. Stock appears inexpensive relative to its peers, Goldman said. ConAgra ( CAG) was downgraded at J.P. Morgan to neutral from overweight. $33 price target. Consensus estimates have downside risk, J.P. Morgan said. Cavium ( CAVM) was downgraded at Lazard Capital Markets to neutral from buy. Valuation call, as the stock has a price-to-earnings ratio of 29, based on expected 2014 earnings. Church & Dwight ( CHD) was upgraded at Deutsche Bank to buy from hold. $66 price target. Company can sustain 3%-4% organic sales and double-digit earnings growth, annually, Deutsche Bank said. Chico's FAS ( CHS) was upgraded at Keybanc to buy from hold. $21 price target. Company has long-term growth potential with earnings power approaching $2 a share, Keybanc said. Comerica ( CMA) was upgraded at Goldman Sachs to neutral. Company should benefit from lower interest in short-end demand, Goldman said.
Charles River ( CRL) was initiated with a neutral rating at UBS. Reflects valuation, although there are early-stage signs of improvement, said UBS. Price target is $49. Covance ( CVD) was initiated with a buy rating at UBS. Reflects its late-stage clinical development and margin-expansion opportunity, UBS said. Price target is $96. Delta Air Lines ( DAL) was upgraded at J.P. Morgan to overweight from neutral. $26 price target. Newly introduced tax rate not to be confused with a diminished earnings outlook, J.P. Morgan said. Fifth Third ( FITB) was downgraded at Goldman Sachs to neutral from buy. Company is leveraged to slower mortgage activity, Goldman said. Fortuna Silver Mines ( FSM) was upgraded to hold at TheStreet Ratings. Hologic ( HOLX) was downgraded to hold at TheStreet Ratings.
Kellogg ( K) was downgraded at J.P. Morgan to underweight from neutral. $60 price target. Top line concerns and difficult comparisons, J.P. Morgan said. Kennametal ( KMT) was downgraded at Bank of America/Merrill Lynch. Valuation call, based on a $50 price target, BofA/Merrill said. US Airways Group ( LCC) was upgraded at J.P. Morgan to overweight from neutral. $26 price target. Stand-alone prospects are materially better than implied by the market, J.P. Morgan said.