Truist cuts FTI Consulting stock price target on modest demand

Truist Securities has lowered its price target on FTI Consulting shares (NYSE:FCN) to $158 from $180 while maintaining a Hold rating. The stock currently trades at $157.59, just below the new target, with a P/E ratio of 19.06. The firm cited a modest demand environment for the company amid slowing merger and acquisition activity without an offsetting uptick in restructuring work.

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