HEADLINE STOCKS-Some U.S. stocks to watch on July 7

NEW YORK, July 7 (Reuters) - Some U.S. stocks to watch on Tuesday:

INTEL CORP (INTC.O)

Bank of America-Merrill Lynch upgraded the company to "buy" from "neutral" as part of a larger call on the semiconductor sector. [ID:nWNAB4817]

Shares of the Dow component rose 2.1 percent to $16.88 in premarket trading.

KING PHARMACEUTICALS INC (KG.N)

PAIN THERAPEUTICS INC (PTIE.O)

The pharmaceutical companies may not resubmit their application for their experimental pain drug Remoxy until the middle of next year. [ID:nN07304722]

Shares of King closed Monday at $9.50 while Pain Therapeutics closed at $5.48.

BOEING CO (BA.N)

Sanford C. Bernstein raised its price target on Boeing Co (BA.N) to $42 from $40 on an expected economic recovery in 2010 and a modestly higher delivery rate forecast for 2009 and 2010. [ID:nBNG385698]

Shares of Boeing, a Dow component, closed Monday at $40.56.

3M CO (MMM.N)

Jefferies & Co started coverage on 3M with a "buy" rating, expecting the Dow component to deliver earnings growth above the broader market this cycle. [ID:nBNG530465]

Shares of 3M closed Monday at $60.67.

KEYCORP (KEY.N)

Keefe, Bruyette & Woods upgraded KeyCorp to "outperform" from "market perform," citing the bank's valuation and strong capital levels. [ID:nBNG114301]