Tetra Tech price target lowered to $27 from $34 at RW Baird

theflyonthewall.com

Baird lowered its price target on Tetra Tech following its negative pre-announcement. The firm notes its one-time staff adjustment costs but believes it should not be used to imply any second half business trends. Shares remain Outperform rated although the likely damage to Tetra Tech's premium multiple reduces their conviction.

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