Market Overview

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

Share:
Related FCN
Mid-Morning Market Update: Markets Edge Lower; Mastercard Earnings Beat Estimates
Morning Market Losers

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

DateFirmActionFromTo
Jan 2017SunTrust Robinson HumphreyDowngradesBuyHold
Oct 2016Avondale PartnersDowngradesMarket OutperformMarket Perform
Aug 2016Deutsche BankInitiates Coverage onHold

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)

View Comments and Join the Discussion!