Truist Securities Maintains Buy on Korn Ferry, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Tobey Sommer has maintained a Buy rating on Korn Ferry (NYSE:KFY) but reduced the price target from $64 to $58.

December 07, 2023 | 8:14 pm
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NEUTRAL IMPACT
Truist Securities reaffirmed a Buy rating on Korn Ferry, but lowered the price target from $64 to $58, indicating a positive outlook with a reduced growth expectation.
The maintenance of a Buy rating suggests that Truist Securities still sees Korn Ferry as a good investment, but the reduction in the price target could imply a tempered expectation for the company's stock price growth in the short term. This could lead to a neutral short-term impact as the positive sentiment of the Buy rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100