Korn Ferry price target raised to $78 from $74 at Truist

Truist analyst Tobey Sommer raised the firm’s price target on Korn Ferry to $78 from $74 and keeps a Buy rating on the shares after its Q4 earnings beat. The stock jumped 11% post-earnings amid stabilizing recruiting demand and FY25 margins holding in the mid-teens following the latest round of cost cuts, the analyst tells investors in a research note. Korn Ferry is among the most cyclical names under coverage and should be one of the earliest beneficiaries when recruiting demand ultimately inflects higher, Truist added.