Connetics on hold by Jefferies

Jefferies & Co., Inc. analyst David Windley maintained Connetics Corp. at a hold rating as company management carried through with its plans to slash wholesaler inventories, now down to an average of 6 to 7 weeks, with additional reductions expected in the fourth quarter. Connetics reported a per-share loss of 81 cents for the September, compared to the analyst's estimate of a 67 cent loss per share. Shares of the Palo Alto, Calif.-based specialty pharmaceutical company were down 14 cents, or 0.82%, at $16.91. (Nasdaq: CNCT)

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