Deutsche Bank Downgrades Huron Consulting Group (HURN) to Hold; Valuation Call

Deutsche Bank downgraded Huron Consulting Group (NASDAQ: HURN) from Buy to Hold, price target unchanged at $39.

Deutsche analyst says, "We are lowering our recommendation on Huron Consulting to Hold as over the last year 1) earnings expectations have gone from beatable to much more realistic, and 2) the PE multiple has expanded to more normal levels."

"We think our 2012E clean EPS of $2.43 (which includes stock comp and acquisition amortization), based on 13% organic revenue growth and 30% incremental margins, is reasonable but likely at the higher end of where management could guide. Guidance, we believe, will likely be for EPS of $2.25 to $2.45, or growth of +15% to +26%."

For an analyst ratings summary and ratings history on Huron Consulting Group click here. For more ratings news on Huron Consulting Group click here.

Shares of Huron Consulting Group closed at $37.59 yesterday.

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