In a report published Thursday, Stifel analyst Robert Craig initiated coverage on FTI Consulting FCN with a Hold rating.
In the report, Stifel noted, “We are initiating coverage of FTI Consulting, Inc. (FCN) with a Hold rating on the shares. Though generally benefitting from a gradually improving economic environment, certain portions of the business are counter-cyclical, thus we believe current valuations adequately discount intermediate-term growth prospects. Based on our peer group and relative P/E valuation methodology, we believe a fair 12-month valuation for the shares would be in the mid $40 range, thus our initial rating is Hold.”
FTI Consulting closed on Wednesday at $45.48.
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