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Fly News Breaks for June 16, 2016
KFY
Jun 16, 2016 | 08:40 EDT
As reported previously, Baird downgraded Korn/Ferry to Neutral from Outperform citing the sluggish macro environment, which will limit the potential for the stock to outperform in the near-term. The firm also lowered its estimates, noting clients remain cautious and citing the potential for lower margins. Baird lowered its price target to $27 from $35 on Korn/Ferry shares.
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