Shares of Parexel (PRXL +9.3%) jump after the firm raised its FY12 outlook on revenue to...

|By:, SA News Editor

Shares of Parexel (PRXL +9.3%) jump after the firm raised its FY12 outlook on revenue to $1.36B-$1.4B, from $1.34-$1.38B, and received an upgrade from Jefferies to Hold. Revenue only jumped 5% Y/Y for the firm, but backlogs increased 29% on new business wins.