STOCKS NEWS US-Bernstein upgrades Goldman, raises target on MS

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0714 ET 04June2009-Bernstein upgrades Goldman, raises target on MS
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Bernstein Research on Thursday raised its view on two financial services
companies, upgrading Goldman Sachs Group Inc (GS.N) and raising its price
target on Morgan Stanley (MS.N).

Goldman was upgraded to outperform from market perform. Bernstein also
raised its price target on the stock to $176 from $113. Morgan Stanley's price
target was lifted to $37 from $27.

Bernstein forecast a recovery in fixed income, which it said would provide
significant revenue opportunities.

"We believe Morgan Stanley and Goldman Sachs will enjoy this rally as they
grab market share in a less competitive environment, but we believe Goldman
Sachs will be the ultimate winner... as [it] is unrelenting in maintaining its
reputation as the largest, most successful institutional trading firm on Wall
Street and will continue to seize 'up for grabs' market share and take
advantage of credit market opportunities."

Shares of Goldman rose 1.7 percent to $144.50 in premarket trading while
Morgan Stanley closed at $29.72.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0708 ET 04June2009-UAL asks for bids for up to 150 new planes: WSJ
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UAL Corp (UAUA.O), the parent company of United Airlines, has asked Boeing
(BA.N) and Airbus (EAD.PA) to put forward competing bids for up to 150 new
airliners, according to a report in the Wall Street Journal.

The move comes as many airlines have cut capacity in order to cope with a
fall in demand.

For details, see [ID:nBNG175386]

Shares closed Wednesday at $5.29 while Boeing, a Dow component, closed at
$48.37..

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0704 ET 04June2009-Ford Chinese venture posts sales growth in May
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The Chinese car venture for Ford Motor Co (F.N) sold 48.7 percent more
vehicles from a year earlier, the automaker's Chinese partner said on
Thursday.

Sales were 110,796 vehicles in the first five months, up from 100,183 units
in the same period last year.

For details, see [ID:nSHA320235]

Shares of Ford rose 1 cent to $6.19 in premarket trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0659 ET 04June2009-Wal-Mart to add more than 22,000 jobs in 2009
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Discount retailer Wal-Mart (WMT.N) on Thursday said it would add more than
22,000 jobs in its U.S. namesake stores in 2009.

Last year, the Dow component created 33,800 jobs, though that figure also
includes positions in its Sam's Club members-only chain stores.

For details, see [ID:nN03123661]

Shares closed Wednesday at $50.88.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0655 ET 04June2009-Economic indicators for June 4
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Economic indicators on tap for Thursday include weekly jobless claims, May
ICSC data and first-quarter labor and productivity data.

For details, see [ECI/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0651 ET 04June2009-Earnings diary for June 4
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Companies scheduled to report quarterly results on Thursday include: Ciena
Corp (CIEN.O), Cascade Corp (CAE.N), Guess (GES.N), Krispy Kreme Doughnut
(KKD.N), Cooper Co (COO.N), Vail Resorts (MTN.N) and C&D Tech (CHP.N), among
others.

For details, see [RESF/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net