Korn Ferry price target lowered to $80 from $84 at Truist

Truist lowered the firm’s price target on Korn Ferry (KFY) to $80 from $84 and keeps a Buy rating on the shares as part of a broader research note on Human Capital names. The firm is adjusting its estimates to reflect macroeconomic uncertainty and a more dour private company feedback in its recent Safari Snapshots poll, the analyst tells investors in a research note. In the prior earnings cycle, companies had expressed optimism about the Trump administration’s deregulation policies, while hopes for a TCJA – Tax Cuts and Jobs Act – extension yielded optimism for an inflection in the staffing cycle, but tariffs seem to have reversed early enthusiasm, Truist adds.