Internet Capital Group "market outperform"

01/15/07 - Boenning & Scattergood

NEW YORK, January 15 (newratings.com) - Analysts at Boenning & Scattergood Inc maintain their "market outperform" rating on Internet Capital Group Inc (ICGE). The 12-month target price is set to $13.

In a research note published on January 12, the analyst mentions that value creation within the company’s portfolio is evident from the recent portfolio developments with respect to ICG Commerce and StarCite. The announcement of a five-year, multi-million dollar global sourcing contract by ICG Commerce with Kimberly-Clark signifies a substantial win and is a boost to Internal Capital Group’s momentum, the analysts say.