Korn Ferry price target raised to $74 from $64 at Truist

Truist analyst Tobey Sommer raised the firm’s price target on Korn Ferry (KFY) to $74 from $64 and keeps a Buy rating on the shares. The firm is positive on the company’s April quarter and FY25 noting a “myriad factors”, including a slight uptick in its Safari Snapshots poll of private firms in January, a 3% sequential increase in executive search confirmations at competitor Heidrick & Struggles (HSII), with fast growth in CEO turnover, and a 36% uptick in domestic CEO turnover over the November 23 to January 24 period, the analyst tells investors in a research note.