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Fly News Breaks for September 6, 2016
PRXL
Sep 6, 2016 | 05:56 EDT
UBS analyst Jonathan Groberg downgraded PAREXEL to Neutral citing the company's recent above-average cancellations and below-average burn rates. The analyst also highlights the recent management departures and "misappropriation of corporate funds." He lowered his price target for the shares to $76 from $82.
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