Parexel (PRXL) was downgraded to sell from hold at Deutsche Bank. $53 price target. The company can't cut costs fast enough to offset lower sales, Deutsche said.
Quintiles undefined was downgraded to hold from buy at Deutsche Bank. $80 price target. The valuation is less attractive, given concern around sales growth from the merger, Deutsche said.
This article was written by a staff member of TheStreet.