UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on FTI Consulting

In a report published Friday, Deutsche Bank reiterated its Hold rating on FTI Consulting

, and slightly raised its price target from $27.00 to $28.00. Deutsche Bank noted, “Raising EPS and price target as cost cuts come through. Despite the down revs QoQ, margins were up QoQ due to lower costs. We are lowering our 4QE EPS from $0.69 to $0.61 (prior Street at $0.63), while our FY13E EPS increases from $2.62 to $2.65 (Street previously at $2.51). We are raising our price target from $27 to $28 to reflect our higher estimates. We maintain our Hold rating due to the lack of revenue growth but reasonable valuation.” FTI Consulting closed on Thursday at $28.19.