Deutsche Bank Starts FTI Consulting (FCN) at Hold

August 18, 2016 7:24 AM EDT
Get Alerts FCN Hot Sheet
Price: $42.10 --0%

Rating Summary:
    3 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 12 | New: 44
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Deutsche Bank initiates coverage on FTI Consulting (NYSE: FCN) with a Hold rating and a price target of $44.

Analyst Kevin McVeigh said, "While we assume that there will be less rather than more macro uncertainty in the months to come, we like FCN due to its attractive countercyclical markets, client mix, and reasonable expectations, but feel it has outperformed too much YTD. FTI is the largest financial and legal consulting firm in the US with leadership positions in key disciplines including bankruptcy and restructuring, financial communication, and e-discovery technology. We think FTI is in an enviable position as it has a very impressive group of Senior MDs with minimal client or MD revenue concentration. We believe FTI is a very attractive platform for new hires and mid-level executives, meaning its employee turnover should be below the peer group."

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

Shares of FTI Consulting closed at $42.73 yesterday.

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