HEADLINE STOCKS-Some U.S. stocks on the move on July 13

Mon Jul 13, 2009 9:49am EDT
 
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(Updates to after the open, adds J&J, Google , Cincinnati Financial, Cardionet and Cepheid. Updates BofA.)

NEW YORK, July 13 (Reuters) - Some U.S. stocks on the move on Monday:

GOLDMAN SACHS GROUP INC (GS.N)

Meredith Whitney Advisory upgraded the stock to "buy" from "neutral," saying the company would be a key competitor in the government, corporate and municipal debt markets. [ID:nBNG121776]

Shares rose 3.1 percent to $146.30.

CIT GROUP INC CIT.N

The commercial lender on Sunday said it remains in discussions with regulators on measures to improve its near-term liquidity position. [ID:nBNG44695]

Shares sank 24 percent to $1.16.

GOOGLE INC (GOOG.O)

Jefferies raised its price target on the Internet company to $465 from $442 ahead of its quarterly results, citing resilience in paid clicks and the ability to lower traffic acquisition costs. [ID:nBNG230919]

Shares rose 0.5 percent to $416.40.

CINCINNATI FINANCIAL CORP (CINF.O)

The insurance company expects second-quarter earnings to be hurt by catastrophe losses of about $106 million. [ID:nBNG429767]

Shares rose 1.3 percent to $21.81.

JOHNSON & JOHNSON (JNJ.N)

U.S. drug reviewers will ask an advisory panel if they should wait for more data before deciding whether to approve a proposed ovarian cancer drug from J&J and Spanish company Zeltia (ZEL.MC), documents released on Monday said. [ID:nN13151551]  Continued...