Truist analyst Tobey Sommer raised the firm’s price target on Heidrick & Struggles (HSII) to $46 from $44 and keeps a Hold rating on the shares. The firm believes that following Korn Ferry’s (KFY) upside earnings report, Executive Search businesses should fetch higher multiples, the analyst tells investors in a research note. Korn Ferry’s results and sequential improvement in May signal that Executive Search market remains strong, Truist adds.
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