Truist Financial analyst Tobey Sommer maintained a Buy rating on FTI Consulting (FCN – Research Report) today and set a price target of $225.00.
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Tobey Sommer’s rating is based on a thorough analysis of FTI Consulting’s current challenges and potential for recovery. Despite recent disappointing fourth-quarter results and a cautious 2025 forecast, Sommer believes the company can rebound from issues like high employee turnover in the Economic Consulting segment. Historically, FTI has shown resilience in overcoming similar challenges, aided by the company’s strong value proposition and strategic focus on fostering entrepreneurial growth within its ranks.
Sommer acknowledges the frustrations investors may feel due to modest earnings growth and sector-specific challenges, particularly in the capital markets. However, he sees potential in FTI’s strategic initiatives and the firm’s ability to attract and retain talent, which could lead to long-term growth. These factors, coupled with the management’s proactive approach to addressing current headwinds, underpin Sommer’s decision to maintain a Buy rating for FTI Consulting.
Sommer covers the Industrials sector, focusing on stocks such as Clean Harbors, Icf International, and Robert Half. According to TipRanks, Sommer has an average return of 11.4% and a 61.89% success rate on recommended stocks.