Truist downgrades FTI Consulting rating as consultant attrition looms

Brokerage Truist downgrades advisory firm FTI consulting FCN.N to "hold" from "buy", keeps PT unchanged at $178

Brokerage flags risk of losing consultants in the economic consulting segment and reduced demand for regulatory-driven services under the Trump administration

Expects revenue forecast for the consulting segment to be lower than expected

Brokerage believes there is a risk of reduced demand in the Forensic & Litigation Consulting segment, which represents 20% of total sales of FCN

Including session's move, FCN stock down 15.5% YTD