UPDATE: Piper Jaffray Starts Korn/Ferry (KFY) at Neutral

(Updated - September 25, 2014 6:40 AM EDT)

Piper Jaffray initiated coverage on Korn/Ferry (NYSE: KFY) with a Neutral rating and a price target of $30.00.

Analyst George Tong commented, "We expect declining global unemployment rates to drive accelerating demand for Korn/Ferry's executive search business. We also like the company's broadening multi-line focus to encompass talent management and intelligence. While fundamentals are healthy, we find valuations are currently fair."

For an analyst ratings summary and ratings history on Korn/Ferry click here. For more ratings news on Korn/Ferry click here.

Shares of Korn/Ferry closed at $26.64 yesterday.

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