Notable Analyst Rating Changes 07/12: (ACI) (CLNE) (SEE) Upgraded; (ALU) (MXIM) (GME) Downgraded

UPGRADES
RBC Capital lifts Arch Coal Inc (NYSE: ACI) from Sector Perform to Outperform, its price target maintained at $40.

Northland Securities upgrades Clean Energy Fuels (Nasdaq: CLNE) from Market Perform to Outperform, and $17 price target.

Barclays raises Sealed Air (NYSE: SEE) from Equalweight to Overweight, its price target increased from $23 to $28.

Sterne Agee boosts International Game Tech (NYSE: IGT) from Neutral to Buy, and increased its price target from $17.70 to $23.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
Deutsche Bank downgrades Alcatel-Lucent (NYSE: ALU) from Buy to Hold and lowers their price target from €4.50 to €4.00. Click Here for more color.

UBS reduces Maxim Integrated (Nasdaq: MXIM) from Buy to Neutral., cutting its price target from $29 to $27. Click Here for more color.

Pacific Crest lowers GameStop (NYSE: GME) from Sector Perform to Underperform.

Microchip Technology (Nasdaq: MCHP) downgraded by two today:

• Caris & Co. from Buy to Average, its price target cut from $46 to $38; and
  
  
• UBS from Buy to Neutral, its price target lowered from $44.50 to $37. Click Here for more color.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Goldman Sachs resumes Microsoft (Nasdaq: MSFT) with a Neutral rating and $30 price target. Click Here for more color.

Jefferies initiates Hewlett-Packard (NYSE: HPQ) with a Hold rating and $40 price target. Click Here for more color.

Albert Fried & Co. starts Pandora (NYSE: P) with a Sell rating and $13 price target. Click Here for a little more color.

Morgan Stanley initiates Wal-Mart (NYSE: WMT) with a Equalweight.

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