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Fly News Breaks for January 17, 2020
FCN
Jan 17, 2020 | 07:07 EDT
SunTrust analyst Tobey Sommer raised his price target on FTI Consulting to $155 and kept his Buy rating, saying the company's organic growth has been made sustainable by its strategy to invest in new hires providing adjacent services. The analyst notes that while investors are "skeptical" or the company's organic growth - rather, attributing it to "market tailwinds - the new service lines include business transformation, public affairs, cyber, and global construction disputes, which may allow FTI Consulting to grow its revenue by 10% in 2021.
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