By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Australian investment firm Lodge Partners has initiated coverage of Genetic Technologies (GTG) with a Buy rating and 12-month price target of A$.57 ($.62), citing its BrevaGen breast cancer test and its IP portfolio as potential growth drivers.

The bank began its coverage nearly a month ago, and GTG made the report available on its website today.

Lodge also had a 2011 revenue estimate on GTG of A$21.5 million ($23.5 million) and EPS of A$.002.

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