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Fly News Breaks for February 3, 2017
PRXL
Feb 3, 2017 | 05:37 EDT
Citi analyst Garen Sarafian downgraded PAREXEL to Neutral saying the valuation is close to fair value while the margin turnaround story has partly played out. Post the company's Q2 results, the analyst believes further margin-related gains "now appear more ambiguous." He lowered his price target for the shares to $66 from $71.
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