Market Overview

UPDATE: Deutsche Bank Cuts PT to $37 on FTI Consulting on Q1 Miss

Related FCN
Earnings Scheduled For February 19, 2015
Mid-Day Market Update: U.S. Stocks Turn Higher; Tenneco Shares Rise On Upbeat Earnings
FTI Consulting 2015 Study Identifies Key Risks for Companies - Analyst Blog (Zacks)

Deutsche Bank lowers its price target from $43 to $37 on Hold-rated FTI Consulting (NYSE: FCN) following a miss for Q1.

Deutsche Bank says, "After 1Q miss, we are lowering our PT from $43 to $37. We were surprised by the misses in FLC and Technology, which were partially offset by stronger than expected results in CorpFin/Restructuring. We are lowering our 2Q12E EPS from $0.75 to $0.74 (Street previously at $0.72) while our FY12E EPS moves from $2.80 to $2.65 (Street previously at $2.88). We are decreasing our PT from $43 to $37 based on our lower EPS estimates and a lower multiple."

FCN closed at $20.16 on Wednesday.

Latest Ratings for FCN

Oct 2014Deutsche BankMaintainsHold
Oct 2014Stifel NicolausUpgradesHoldBuy
Sep 2014Avondale PartnersUpgradesMarket PerformMarket Outperform

View More Analyst Ratings for FCN
View the Latest Analyst Ratings

Posted-In: Deutsche Bank.Analyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings


Related Articles (FCN)

Around the Web, We're Loving...