Korn Ferry price target lowered to $59 from $61 at Baird

Baird analyst Mark Marcon lowered the firm’s price target on Korn Ferry (KFY) to $59 from $61 and keeps an Outperform rating on the shares. The analyst took up our Q4 estimates to the low end of guidance but reducing our F’24 estimates to reflect increased macro uncertainty in the wake of banking stress reflected in SVB (SIVB) and Credit Suisse (CS).