About the new feature in the Find/Change dialog box, under the Color Tab.
It gives us the choice of finding a color and changing it to another color.

But I've got an instance today where I wanted to change the Text that was Red to Bold & Italics.

There is no option in that dialog box to change a color to a Character Style or a Paragraph Style. I had to find the Red text and then change it manually to a Character Style.

I sincerely think that there should be such option.