Heidrick & Struggles price target raised to $59 from $48 at Truist

Truist raised the firm’s price target on Heidrick & Struggles (HSII) to $59 from $48 and keeps a Hold rating on the shares after the company agreed to be taken private at $59 per share in cash. The firm, which expects shareholders to approve the deal, thinks this agreement is “an encouraging signal” about demand trends in executive search and “a positive indicator” for Korn Ferry (KFY), the analyst tells investors.