Jefferies Cuts Price Target on Parexel (PRXL) to $67 Following Weak 1Q
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October 27, 2016 12:24 PM EDT
Evercore ISI analyst Ross Muken lowered his price target on PAREXEL International (NASDAQ: PRXL) to $70.00 (from $79.00) but maintained a Buy rating following results.
The firm cut FY 2017 EPS from $4.05 to $3.75, FY 2018 EPS from $4.80 to $4.55 and FY 2019 EPS from $5.70 to $5.50.
Muken commented: ": This was not a pleasant quarter for anyone involved (unless you are short the stock) as most metrics missed and commentary on the remainder of 2017 did not inspire confidence.... More
October 27, 2016 6:51 AM EDT
Baird downgraded PAREXEL International (NASDAQ: PRXL) from Outperform to Neutral with a price target of $67.00 (from $78.00).
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 $64.81 yesterday.
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October 26, 2016 4:24 PM EDT
Parexel (NASDAQ: PRXL) reported Q1 EPS of $0.76, $0.10 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $0 versus the consensus estimate of $524.79 million.
Board approved new $200 million share repurchase program.
GUIDANCE:
Parexel sees... More
October 25, 2016 3:16 PM EDT
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