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Fly News Breaks for July 10, 2019
FCN
Jul 10, 2019 | 07:31 EDT
As previously reported, SunTrust analyst Tobey Sommer upgraded FTI Consulting to Buy and raised his price target to $100 from $88. The analyst contends that the company can "sustainably replicate" its organic growth rates in new sectors that include "cyber, global construction solutions, and business transformation", and that it is attractively positioned as a "counter-cyclical play" in the record-long U.S. economic expansion. Sommer adds that regulatory challenges in Europe should give FTI Consulting a "steady source" of hiring, forecasting the company to expand its EBITDA margins by 10bps in FY20 and 20bps in FY21.
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