Heidrick & Struggles price target raised to $30 from $27 at Truist

Truist raised the firm’s price target on Heidrick & Struggles to $30 from $27 but keeps a Hold rating on the shares. The firm cites the company’s Q1 revenue guidance upside but also notes that investors remain skeptical about the viability of Heidrick Navigator’s return prospects in light of the average 2.5% R&D spend as a percentage of revenue, the analyst tells investors in a research note.