HEADLINE STOCKS-Some U.S. stocks on the move on July 7

(Updates to afternoon trading, adds Trinity, Blackstone and Steel Dynamics)

NEW YORK, July 7 (Reuters) - Some U.S. stocks on the move 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 slipped 0.1 percent to $16.53.

WEYERHAEUSER CO (WY.N)

The company cut its dividend by 80 percent to 5 cents, writing that the outlook for its businesses continued to remain uncertain. [ID:nN07419305]

Shares fell 4.7 percent to $28.57.

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 fell 0.6 percent to $9.44 while Pain Therapeutics sank 15.9 percent to $4.61.

TRINITY BIOTECH PLC (TRIB.O)

Shares rose 6.5 percent to $4.75 after U.S. health regulators approved its blood-clot analyzer. [ID:nBNG415234]

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]

In addition, Boeing also said it would buy a plant that makes part of the fuselage of its 787 Dreamliner for $580 million. [ID:nN07308292]

Shares of Boeing, a Dow component, fell 2.5 percent to $39.55.

CONOCOPHILLIPS (COP.N)

The oil company forecast pretax exploration expenses of $225 million for the second quarter and anticipates second-quarter production on a barrel-of-oil equivalent per day basis to be about 1.86 million boe per day. [ID:nWNAB4866]

Shares fell 1.8 percent to $40.11.

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 the Dow component fell 1.5 percent to $59.77.

KEYCORP (KEY.N)

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

Shares rose 5.9 percent to $5.38.

STEEL DYNAMICS INC (STLD.O)

Banc of America Securities-Merrill Lynch upgraded the company to "buy" from "neutral," writing that the company could benefit from an improvement in utilization rates and spot price recovery in the second half of the year. [ID:nBNG416506]

Shares rose 5.3 percent to $13.98.

BLACKSTONE GROUP LP (BX.N)

A group of private equity investors led by Blackstone is launching a new insurance agency. The group also includes affiliates of Goldman Sachs Group Inc (GS.N) and Credit Suisse Group AG (CSGN.VX) (CS.N). [ID:nN07293808]

Shares of Blackstone fell 2.4 percent to $9.94.

SOUTHWEST AIRLINES CO (LUV.N)

The company launched a large two-day fare sale. Under the promotion, one-way tickets will range from $30 to $90 for cities nationwide, depending on distance. [ID:nN07164101]

Shares fell 2 percent to $6.47.

GREENBRIER COMPANIES INC (GBX.N)

The company reported a surprise third-quarter profit and said it would furlough 550 additional workers as it ceases railcar production at a facility in Mexico. [ID:nBNG397343]

Shares sank 6.1 percent to $6.50.

INTERNATIONAL SPEEDWAY CORP (ISCA.O)

The company reported its second-quarter results, swinging to a loss weighed down by impairment charges and slow demand for ticket sales. It affirmed its full-year outlook, though it remains more comfortable at the lower end of its fiscal year earnings range. [ID:nBNG229785]

Shares rose 1.4 percent to $25.65.

DEUTSCHE BANK AG (DB.N) (DBKGn.DE)

The company agreed to sell a 1.8 million square-foot skyscraper in New York City for $600 million, according to a report in the Wall Street Journal. [ID:nBNG371659]

Shares of Deutsche Bank rose 0.9 percent to $58.92 on the New York Stock Exchange.

DISCOVER FINANCIAL SERVICES (DFS.N)

The company will offer $500 million of common stock and use the proceeds to help repay $1.2 billion the credit card issuer received in government bailout funds. [ID:nN07322036]

Shares fell 9.9 percent to $9.46.

HANSEN MEDICAL INC (HNSN.O)

The company reported preliminary second-quarter revenue below expectations, citing delay in purchase decisions by customers. [ID:nBNG382861], sending its shares tumbling 33.4 percent to $3.15. (Reporting by Ryan Vlastelica; Editing by Theodore d'Afflisio)