MOST NOTEWORTHY:

• 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.

• Baird initiated Gladstone Capital Corporation (NASDAQ: GLAD) with a Neutral rating and $19 target.
• Goldman initiated Brazilian banks with an Attractive view, starting Banco Bradesco SA (NYSE: BBD) with a Buy rating, Banco Itau Holding Financeira SA (NYSE: ITU) with a Neutral rating and Unibanco-Uniao de Bancos Brasileiros (NYSE: UBB) with a Sell rating.

Analyst initiations: TGEN, TSCDY and NCTY originally appeared on BloggingStocks on Mon, 11 Feb 2008 10:12:00 EST. Please see our terms for use of feeds.

Forbes/Christy: Latin American stocks are having a great year so far. Is it too late to get on board?

Pangaro: "I don't think so. There are still very attractive opportunities in Latin America.The performance has been extremely strong in the past three years, but before then, Latin America traded sideways for 10 years. So we are coming from a very low base, and the macroeconomic improvement in many countries has been significant.

"Back in 1994, at the time of the 'Tequila Crisis', countries had exchange rates that were fixed at artificially high levels, big current account deficits, poor fiscal positions, and very high dollar-denominated external debt. So they were very vulnerable.

"All of that has changed. All the key countries have paid down their dollar debt, inflation is under control, currencies are floating freely, and current accounts are in surplus. So I think the economic situation has improved meaningfully.

Continue reading Investing in Latin America with Forbes and T. Rowe Price

Investing in Latin America with Forbes and T. Rowe Price originally appeared on BloggingStocks on Thu, 19 Jul 2007 13:47:00 EST. Please see our terms for use of feeds.