UPGRADES
UBS upgrades Dr Pepper Snapple (NYSE: DPS) from Neutral to Buy and raised their price target from $31 to $42.

J.P. Morgan upgrades coverage on Level 3 Communications (NASDAQ: LVLT) from Underweight to Neutral.

Piper Jaffray upgrades ProAssurance Corp. (NYSE: PRA) from Neutral to Overweight. Price target increased from $69 to $76. Click Here for more color.

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DOWNGRADES
Benchmark downgrades Yahoo! (NASDAQ: YHOO) from Buy to Hold with a price target of $18.

William Blair downgrades SkillSoft (NASDAQ: SKIL) from Outperform to Market Perform.

FBR Research downgrades Bed Bath & Beyond (NASDAQ: BBBY) from