Korn Ferry price target lowered to $65 from $75 at Truist

Truist analyst Tobey Sommer lowered the firm’s price target on Korn Ferry to $65 from $75 but keeps a Buy rating on the shares. The analyst notes that the company’s Q2 results were "strong" but its Q3 guidance was weaker with more significant margin deterioration than anticipated. Sommer adds that Korn Ferry’s operating expense cut was "sizable" but "not as deep as would be contemplated if the company was preparing for a severe recession".