Jefferies maintains Kendle at hold

Kendle International Inc. was kept at a hold rating by Jefferies & Co., Inc. analyst David Windley. Jefferies lowered its price target to $336 from $40. The maintained hold rating is due in part on the risk of successfully integrating an underperforming phase 2-4 business. Shares of the Cincinnati, Ohio-based clinical development services company were up $1.71, or 5.10%, at $35.24 on volume of 409,763 shares versus the three-month running average of 179,578 shares. (Nasdaq: KNDL)

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