Korn Ferry price target raised to $68 from $66 at UBS

UBS analyst Joshua Chan raised the firm’s price target on Korn Ferry to $68 from $66 and keeps a Neutral rating on the shares. UBS sees a balanced setup into Korn Ferry’s Q4 report next week, with the firm’s North America Executive Search nowcast suggesting that revenue declines could have worsened during Q4 though datapoints around large business confidence improving could bode well for the Consulting business, the analyst tells investors in a research note. The firm views risk/reward as balanced heading into the print.