SFBC reiterated at hold by Jefferies

SFBC International Inc. was reiterated by Jefferies & Co. Inc. at a hold rating after the company released positive results of an independent investigation of ethics allegations in recent news articles. Jefferies estimates were changed on updated guidance provided by the company. Fourth quarter earnings per share were estimated at $0.48 to $0.53 a share. Consensus is $0.48, Jefferies said, adding that it is not confident that business losses are contained and visibility is extremely low. Shares of the Miami drug research services company were down $2.64, or 16.73% at $13.14 on volume of 14,186,524 shares versus the three-month running average of 1,607,880 shares.

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