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Analyst initiations: TGEN, TSCDY and NCTY

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:

GE after the bell 07/10/06: changes at NBC's social networking site iVillage

GE ended the day at $33.45, up 15 cents. Of late the market has been getting ready for second quarter earnings, and some volatility is not surprising as GE bumps up and down as it gets closer to Friday, when earnings for GE's second quarter will be announced.

GE Healthcare announced recently a collaboration with TGen on cancer research, something that might provide some results while keeping initial research cost down.

More light on the social networking side of NBC's acquisitions are out now, with NBC moving a new executive over to iVillage. Is this in preparation for the rumored purchase of Tribe.net? Time will tell.

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Last updated: February 13, 2012: 05:17 PM

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