Connetics maintained by Jefferies at hold

Connetics Corp. was maintained by Jefferies & Co. Inc. analyst David Windley at a hold rating and a $15 price target. The company has a solid franchise but lacks near-term catalysts, Jefferies said. The company lowered guidance for the fourth quarter of 2005 by $6 million to $7 million. Expectations for 2006 reflect about 17% revenue growth and earnings per share of $0.86 to $0.88 a share, below consensus and Jefferies estimates. Shares of the Palo Alto, Calif., specialty pharmaceutical company were up 2 cents, or 0.14%, at $14.48 on volume of 2,205,287 shares versus the three-month running average of 733,951 shares.

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