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Piper Jaffray Upgrades Kendle (KNDL) Following Deal with INC

May 6, 2011 2:35 PM EDT
Get Alerts KNDL Hot Sheet
Price: $15.24 --0%

Rating Summary:
    0 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 8
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An analyst at Piper Jaffray upgraded shares of Kendle International (NASDAQ: KNDL) from Underweight to Neutral Friday afternoon. The firm lifted its price target on the stock from $7 to $15.25.

The upgrade follows news Thursday that Kendle will be acquired by INC Research for $15.25/share. Kendle shares surged nearly 58 percent Thursday.

For more ratings news on Kendle International click here and for the rating history of Kendle International click here.


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Piper Jaffray, INC Research/Kendle International