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Fly News Breaks for November 17, 2016
PRXL
Nov 17, 2016 | 06:54 EDT
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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