William Blair upgraded the stock to "outperform" from "market perform" and increased its estimates based on the company's new guidance.
Robert W. Baird upgraded Parexel to "outperform" and set a $64 price target. The firm said the company hosted a solid investor day and can expand margins.
Finally, Wells Fargo added the stock to its Priority Stock List. The firm said the company held an upbeat investor day and can deliver 20% annual earnings growth over the next three years.
The stock was up 2.85% to $53.26 at 9:39 a.m.