UPDATE: Disclosure Insight Upgrades Rating to Medium Risk – Positive Bias on Parexel International

A report from Disclosure Insight upgrades its rating from Medium Risk – Negative Bias to Medium Risk – Positive Bias on Parexel International (NASDAQ: PRXL).

The report states, “We are changing our rating on PRXL from Medium Risk - Negative Bias to Medium Risk - Positive Bias due to a sufficient passage of time since the Sep-10 amendment of its backlog. Multiple guidance cuts and the chairman and CEO positions being held by one person support our opinion of a Medium Risk - Positive Bias rating on PRXL. In Jan-11, PRXL lowered its FY11 service revenue guidance to $1.22 billion - $1.24 billion and also lowered its EPS guidance from $1.23 - $1.31 to $1.17 - $1.23.”

PRXL closed yesterday at $20.53.