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PRXL

PAREXEL

$58.56

1.05 (1.83%)

06:15
11/23/16
11/23
06:15
11/23/16
06:15

PAREXEL downgraded to Market Perform from Outperform at Wells Fargo

Wells Fargo analyst Tim Evans downgraded PAREXEL to Market Perform after reviewing the company's quarterly filing. Unresolved material weakness in controls, high cancellations "defying clear explanation" and a Q1 restatement create risk that another guidance cut is likely, Evans tells investors in a research note. He cut his price target range for the shares to $60-$65 from $70-$75.

  • 30

    Nov

PRXL PAREXEL
$58.56

1.05 (1.83%)

11/11/16
RHCO
11/11/16
DOWNGRADE
RHCO
Hold
PAREXEL downgraded to Hold from Buy at SunTrust
11/11/16
RHCO
11/11/16
DOWNGRADE
RHCO
Hold
PAREXEL downgraded on execution risk at SunTrust
As noted earlier, SunTrust downgraded PAEXEL to Hold from Buy. Analyst Sandy Draper downgraded the stock after the company announced that it was delaying the issuance of its 10Q due to inappropriate revenue recognition issues. The analyst says that this news, along with the delay of its previous 10Q due to financial irregularities, the unexpected departure of its CFO and its cancellation of strategic partnerships earlier this year, lead him to question the company's execution and controls. Target $60.
11/17/16
FANA
11/17/16
DOWNGRADE
FANA
Equal-Weight
PAREXEL downgraded to Equal-Weight from Overweight at First Analysis
11/17/16
FANA
11/17/16
DOWNGRADE
Target $62
FANA
Equal-Weight
PAREXEL downgraded to Equal-Weight from Overweight at First Analysis
First Analysis analyst Steven Schwartz downgraded PAREXEL to Equal-Weight citing uncertainty for revenue and earnings growth. The company is seeing a higher level of project cancellations and lower backlog conversion, Schwartz tells investors in a research note. He lowered his price target for the shares to $62 from $85.

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