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Bull of the Day

FTI Consulting's (FCN) third-quarter 2011 earnings surpassed the Zacks Consensus Estimate. The turnaround in the company's Corporate/Restructuring segment, which has been a significant drag on the company since early 2010, remains a key to the company's growth.

Moreover, the company experienced growth across all the segments and in the international market particularly in Latin America and Asia Pacific. FTI results also benefited by addition of LECG professionals, which continues to enhance the company's geographic reach and client base. FTI remains focused on expansion through acquisitions.

Furthermore, the recent completion of the one-brand strategy will enhance its brand recognition. Hence, we upgrade the stock to Outperform from Neutral.

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