Analyst Downgrades Heidrick & Struggles

Heidrick & Struggles shares fell Monday afternoon after an analyst downgraded its “overvalued” shares.

The Chicago company was downgraded to “neutral” from “buy,” though the analyst noted that “the longer-term outlook for Heidrick & Struggles and the search companies” remain positive but over the shorter term, “the price of Heidrick & Struggles seems to have run ahead of itself.”

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Heidrick shares fell 7.1% to $24.44 Monday afternoon (whereas shares of Korn/Ferry rose 0.3% to $15). Last Thursday, Heidrick recorded a 10-month stock high at $24.68.

Elaine Rigoli has nearly 15 years of experience managing content and community for various B2B and consumer websites. Elaine has written thousands of business and technology articles and has been quoted in The Wall Street Journal and eWeek, among other publications.


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