Truist analyst Tobey Sommer raised the firm’s price target on Korn Ferry (KFY) to $84 from $78 and keeps a Buy rating on the shares. The company reported mixed Q2 results and guided below Q3 consensus, though the management indicated demand remains effectively stable relative to the past few months and expressed some optimism around “greenshoots” in the RPO – Recruitment Process Outsourcing – segment, the analyst tells investors in a research note. Truist also cut its FY25 EPS view by 9c to $4.77 but raised its FY26 outlook by 6c to $5.44.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KFY:
- Korn Ferry Reports Steady Growth Amid Economic Challenges
- Korn Ferry reports Q2 adjusted EPS $1.21, consensus $1.21
- Korn Ferry sees Q3 adjusted EPS $1.06-$1.18, consensus $1.15
- KFY Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Heidrick & Struggles price target raised to $40 from $33 at Truist
Questions or Comments about the article? Write to editor@tipranks.com