By: Benzinga
January 02, 2013 at 07:47 AM EST
UPDATE: Citigroup Upgrades PAREXEL International to Buy on Operational Improvement, Valuation
Citigroup raised its rating on PAREXEL International (NASDAQ: PRXL ) from Neutral to Buy and increased its price target from $34 to $36. Citigroup commented, "We are upgrading PRXL to Buy with a $36 price target (+$2) based on: a misunderstood press release issued December 27th to announce a
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