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.
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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.