Wedbush Downgrades Tetra Tech (TTEK) to Neutral

Wedbush downgraded Tetra Tech (NASDAQ: TTEK) from Outperform to Neutral with a price target of $31.00 saying risk/reward is less attractive after the stock hit their target price.

Analyst David Rose commented, " As TTEK shares have reached our price target, we are downgrading them to NEUTRAL. When we upgraded the shares last July, we argued that end markets were stabilizing, aided by an improving municipal market, and that we expected better risk management and earnings forecasting. As our thesis has largely played out, we now believe the risk/reward tradeoff is about evenly weighted."

For an analyst ratings summary and ratings history on Tetra Tech click here. For more ratings news on Tetra Tech click here.

Shares of Tetra Tech closed at $31.22 yesterday.

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