Kendle upgraded by Jefferies to buy

Kendle International Inc. was upgraded by Jefferies & Co. analyst David Windley to a buy rating from hold and raised the price target on the stock to $21 per share from $13 following second-quarter results. Kendle shares Friday climbed $1.45, or 8.58%, to close at $18.35 on volume of 229,122 shares versus the three-month running average of 86,445.3 shares.

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