PRA kept at hold by Jefferies

PRA International, Inc. was maintained by Jefferies & Co., Inc. analyst David Windley at hold, with an increased price target of $28. The company's fourth-quarter 2005 results and guidance were for the most part in line with previous management guidance. PRA reported net income of $0.31 per share on revenue of $69.5 million, compared with Jefferies' estimate of $0.30 per share on $69.9 million of revenue. Jefferies raised its 2006 earnings per share estimate to $1.39 from $1.37. Shares of the Reston, Va., contract research organization were up 98 cents, or 3.63%, at $27.96 on volume of 789,921 shares versus the three-month running average of 138,920 shares. (Nasdaq: PRAI)

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