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Fly News Breaks for April 30, 2019
FCN
Apr 30, 2019 | 08:26 EDT
SunTrust analyst Tobey Sommer raised his price target on FTI Consulting to $88 after its Q1 earnings beat, citing the expansion of the company's Corporate Finance and Restructuring segment toward Business Transformation. The analyst also contends that the contribution from the company's Construction Solutions business is "under-appreciated", while its Technology segment demonstrated post-Ringtail divestiture performance with a 25% revenue growth. Sommer keeps his Hold rating on FTI Consulting based on its "fair" valuation.
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