PAREXEL (PRXL) PT Raised at Jefferies; 'Hold' Maintained

Jefferies analyst David Windley raised his price target on PAREXEL International (NASDAQ: PRXL) to $58.00 (from $53.00) but stopped short of upgrading the stock and reiterated a Hold rating.

Windley said, "We think PRXL shares can move higher by month's end on higher FY2015 guidance. Management's recent commentary points to EPS of $2.60 or higher, equaling 20%+ growth. Low-double digit revenue growth plus 100-120 basis points of margin expansion should get them there. Share repurchase via the ASR adds another $0.07 - 0.09."

The firm also raised FY2015 EPS from $2.44 to $2.63.

For an analyst ratings summary and ratings history on PAREXEL International click here. For more ratings news on PAREXEL International click here.

Shares of PAREXEL International closed at $53.67 yesterday.

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