Korn FerryKFY
▲ PositiveCapitalrelevance
Baird raised price target and reiterated Outperform rating after Q4 results.
Impact on assets 1
Industrials
Korn FerryBaird Raises Korn Ferry Price Objective to $85
2▲1 ▼0Impact / 5
Baird raised its price objective on Korn Ferry to $85 from $84 while reiterating an Outperform rating. The adjustment follows the company's fourth-quarter results, during which CEO Gary Burnison announced that starting in the first quarter, Korn Ferry will report external operating segments by three geographic regions: the Americas, EMEA, and APAC. The company will also report across three solution categories: Search, Talent and Organizational Solutions, and Workforce Solutions. CFO Robert Rozek noted that estimated remaining fees under existing contracts reached nearly $1.9 billion at quarter-end, up 10% year-over-year, with every solution category posting growth.
Korn FerryBaird raised price target and reiterated Outperform rating after Q4 results.