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Fly News Breaks for December 7, 2018
KFY
Dec 7, 2018 | 08:52 EDT
SunTrust analyst Tobey Sommer lowered his price target on Korn/Ferry to $63 to reflect the lower peer group multiples, even though its Q2 results "demonstrated firm market demand and solid new business". The analyst keeps his Buy rating on the shares and adds that October was the best month in the company's history. Longer term, Sommer also sees Korn/Ferry "making share gains relative to competitors in the current executive search environment."
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