As previously reported, Credit Suisse analyst Erin Wilson Wright downgraded PAREXEL to Neutral from Outperform on the slower revenue and earnings growth profile, with increasingly limited visibility thereon. While the analyst acknowledges that recalibrated 2017 EPS guidance and new cost structure initiatives offer an element of clarity, resetting near-term expectations to potentially more realistic levels, her conviction in its prospects is lower following an abrupt CFO departure in July, two consecutive filing delays, a disappointing 1Q report, and now an uninspiring near-term outlook. She also lowered his price target on the shares to $65 from $68.