PRA maintained at hold by Jefferies

PRA International Inc. was kept at its hold rating by Jefferies & Co., Inc. analyst David Windley with an increased price target of $32. The company posted a strong rebound in the third-quarter 2006. PRA reported earnings per share of $0.33 on $81.5 million in revenue, versus the analyst's estimate of $0.28 on $79 million and consensus of $0.29 on $80.5 million. Management reaffirmed 2006 guidance of $1.15 to $1.26 on $300 million to $320 million in total net revenues. Shares of the Reston, Va.-based contract research organization were up $1.04, or 3.52%, at $30.60. (Nasdaq: PRAI)

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.