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For U.S. stock market report double-click 0708 ET 09June2009-Barclays cuts price targets on airlines ------------------------------------------------------------------------------

Barclays Capital on Tuesday lowered its price target and estimates on a number of airline companies, "to reflected slightly lower near-term revenue on swine flu and the one-third of fuel that revenue not likely to offset."

The firm noted that its estimates on the group were still "well below" consensus, but that it expected consensus would fall soon.

Barclays cut its price target on Continental Airlines to $23 from $27, on Delta Air Lines to $16 from $19, on US Airways to $13 from $20 and on UAL Corp, the parent company of United Airlines, to $19 from $21.

Despite cutting its targets, Barclays wrote that the risk-reward for the group "skews heavily to the upside over the next twelve to eighteen months," helped by a "substantially reduced capacity base."

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0701 ET 09June2009-Texas Instruments rises after raising outlook ------------------------------------------------------------------------------

Shares of Texas Instruments rallied in premarket trading on Tuesday, a day after it raised its targets for second-quarter earnings and revenue, signaling improving demand in the chip market.

Analysts said investors had expected TI's targets to increase but that the improvement was better than hoped for.

"It was a little higher than some people had expected. It's a continuing of the trend of semiconductor ordering bouncing off the bottom since late February," said Jefferies & Co. analyst Adam Benjamin.

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Shares rose 5.1 percent to $20.78 in premarket trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0657 ET 09June2009-GE Aviation sees steep drop in orders this year ------------------------------------------------------------------------------

General Electric's aviation unit expects orders this year to halve, as airlines slow plane buying amid a slump in travel demand.

Jack Lutze, vice-president of sales for Europe and Africa, told Reuters on Tuesday some deferrals were likely for next year's deliveries but only a few cancellations, a sign that more airlines are likely to postpone plane buying in the downturn.

Shares closed on Monday at $13.56.

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Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0653 ET 09June2009-Economic indicators for June 9 ------------------------------------------------------------------------------

Economic indicators on tap for Tuesday include weekly ICSC chain store and Redbook data, the weekly ABC consumer confidence index, April wholesale inventory and sales data and June IBD economic optimism data.

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Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0644 ET 09June2009-Earnings diary for June 9 ------------------------------------------------------------------------------

Companies scheduled to report quarterly results on Tuesday include: Oxford Industries, Rex Stores, Talbots, 99 Cents Only Stores and Korn Ferry International.

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Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS

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