KKR & Co (KKR) Receives a Buy from JMP Securities

JMP Securities analyst Brian McKenna reiterated a Buy rating on KKR & Co (KKRResearch Report) yesterday and set a price target of $80.00. The company’s shares closed last Tuesday at $52.24.

According to TipRanks.com, McKenna is a 2-star analyst with an average return of 4.5% and a 57.1% success rate. McKenna covers the Financial sector, focusing on stocks such as Apollo Global Management, Fortress Transportation, and Blue Owl Capital.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for KKR & Co with a $69.80 average price target.

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The company has a one-year high of $57.68 and a one-year low of $44.28. Currently, KKR & Co has an average volume of 3.44M.

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KKR & Co., Inc. engages in the provision of investment and private equity asset management services. It manages investments across multiple asset classes includes private equity, energy, infrastructure, real estate, credit, and hedge funds. The firm operates business through four business lines: Private Markets, Public Markets, Capital Markets, and Principal Activities. The Private Markets line manages and sponsors a group of private equity funds that invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. The Public Markets line operates combined credit and hedge funds platforms. The Capital Markets line comprises of global capital markets business. It implements traditional and non-traditional capital solutions for investments or companies seeking financing. The Principal Activities line manages the firm’s assets and deploys capital to support and grow the businesses. The company was founded by Henry R. Kravis and George R. Roberts in 1976 and is headquartered in New York, NY.

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