Analyst initiations: TGEN, TSCDY and NCTY
Posted Feb 11th 2008 10:12AM by Laurie Pasternack
Filed under: Analyst initiations
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MOST NOTEWORTHY: Targeted Genetics, Tesco and The9 were today's noteworthy initiations:
- Rodman initiated Targeted Genetics Corporation (NASDAQ: TGEN) with a Market Perform rating, citing lack of key near-term drivers and the absence of definitive proof-of-concept data for its lead arthritis program.
- ING assumed Tesco Plc (OTC: TSCDY) with a Buy rating, citing the company's growing international business.
- Piper initiated The9 Limited (NASDAQ: NCTY) with a Neutral rating and $21 target, citing limited visibility around the company's FY08 and FY09 game releases and a higher risk profile than peers.
OTHER INITIATIONS:
Tags: Banco Bradesco, Banco Itau, BancoBradesco, BancoItau, Bancos Brasileiros, BancosBrasileiros, BBD, GLAD, Gladstone Capital, GladstoneCapital, initiations, ITU, NCTY, Targeted Genetics, TargetedGenetics, Tesco, TGEN, The9, TSCDY, UBB
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