Charles Schwab ( SCHW) downgraded at Wells from Outperform to Market Perform, Wells Fargo said. Company lacks near-term catalysts. Southern Company ( SO) downgraded at JP Morgan from Neutral to Underweight, JP Morgan said. Smaller utilities offer better values at current levels. Safeway ( SWY) upgraded at Jefferies to Buy from Hold, Jefferies said. $25 price target. Improving employment, especially in all-important California market. Ultra Petroleum ( UPL) downgraded at Stifel from Buy to Hold, Stifel Nicolaus said. Company will be hurt by lower natural gas prices. United Parcel ( UPS) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $82 price target. Company is facing slower volumes and cost pressures. URS ( URS) rated new Buy at Lazard. $48 price target. Company should post solid earnings in 2012. VMware ( VMW) downgraded at Citigroup from Neutral to Sell, Citigroup said. $80 price target. Incremental concern about slowdown in core server business. Wisconsin Energy ( WEC) downgraded at Baird from Outperform to Neutral, Robert Baird said. Valuation call, based on a $35 price target. Williams Sonoma ( WSM) downgraded at Wedbush from Outperform to Neutral, Wedbush said. $35 price target. Promotions on national brands are not likely to go away. Xcel Energy ( XEL) downgraded at Baird from Outperform to Neutral, Robert Baird said. $27 price target. Company faces increased regulatory risk.