Truist analyst Tobey Sommer raised the firm’s price target on Heidrick & Struggles (HSII) to $40 from $33 and keeps a Hold rating on the shares. The firm cites the company’s Q3 earnings beat and above-consensus guidance, adding that with the On-Demand Talent segment turning profitable, the management believes this segment can be a high single-digit margin over the next 6-8 quarters. Truist adds that the company’s results also offer a “positive read-through” for Korn Ferry (KFY) as they illustrate a healthy market.
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Read More on HSII:
- Heidrick & Struggles reports Q3 EPS 71c, consensus 68c
- Heidrick & Struggles sees Q4 revenue $255M-$275M, consensus $253.28M
- Heidrick & Struggles International (HSII) Q3 Earnings Cheat Sheet
- Heidrick & Struggles Adds New Expertise to Board, Member Resigns
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