UPDATE: Citigroup Upgrades PAREXEL International to Buy on Operational Improvement, Valuation
Posted on January 02, 2013 at 07:47 AM EST
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