Truist lowered the firm’s price target on Korn Ferry (KFY) to $75 from $88 and keeps a Buy rating on the shares. The firm is reducing its price target to reflect the recent pullback in industry multiples, but notes that executive search demand grew 11% on a constant currency basis and continues to hold up better than other sectors of human capital management, or HCM, the analyst tells investors in a research note.
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