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Fly News Breaks for September 8, 2017
HCKT
Sep 8, 2017 | 08:25 EDT
Barrington analyst Vincent Colicchio views the recent weakness in shares of Hackett Group as a buying opportunity. Since the company's earnings call on August 7, the stock has declined 15%, which creates an attractive entry point and a "compelling" valuation, Colicchio tells investors in a research note. The analyst expects Hackett to achieve "rapid growth" over the next few years as its consulting and software services businesses gain share. He keeps an Outperform rating on the name with a $22 price target.
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