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Jefferies suspends rating for SFBC
SFBC International Inc.'s rating was suspended by Jefferies & Co., Inc. analyst David Windley based on the lack of numbers provided by SFBC management. Jefferies is suspending its rating pending "greater visibility into the impairment and guidance issues raised in last night's inadequate press release." SFBC delayed its release instead of providing the expected fourth-quarter and full-year 2005 results. Shares of the Miami, Fla., drug development services company were down $3.58, or 16.06%, at $18.71 on volume of 9,040,091 shares versus the three-month running average of 2,208,560 shares. (Nasdaq: SFCC)
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