Piper Sandler analyst John Barnidge initiated coverage of KKR (KKR) with an Overweight rating and $150 price target While growth of Global Atlantic is more and more turning KKR into a full-stack asset and liability originator, shares are currently attractively valued while increased capital markets activity powers realizing gross unrealized carried interest of $8.7B, the analyst tells investors in a research note. KKR has a leading position executing on the retail opportunity along with a number of diversified growth levers, the firm argues.
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