CRA International Now a Sell - Analyst Blog

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Publication: Zacks Investment Research - Analyst Blog

Date: 2008-09-29 00:00:00

CRA International Now a Sell - Analyst Blog

We are downgrading our rating on business and legal consultancy company CRA International ( CRAI ) from Hold to Sell, following the release of third-quarter financial results that fell well short of Street expectations. The shortfall marks the second such disappointment in the last three quarters. As such, we anticipate that investors will demand evidence that the management has properly addressed the Boston, Massachusetts-based company's operational problems before affording a higher multiple to ...

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