Barclays analyst Benjamin Budish lowered the firm’s price target on KKR to $66 from $69 and keeps an Overweight rating on the shares. The analyst updated price targets in the brokers, asset managers and exchanges group following the collapse of SVB Financial and other recent events. The firm thinks near-term cash borrowing will weigh on fiscal 2023 and 2024 earnings and balance sheet growth for the sector.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on KKR:
- Invest in a Bank Stock Rebound with This ETF
- Thermo Fisher, Celltrion compete for Baxter’s biopharma unit, Reuters says
- KKR sells four Class A self-storage properties for $80M
- KKR initiated with an Overweight at Barclays
- FS KKR Capital Corp. Announces Fourth Quarter and Full Year 2022 Results, Declares Total First Quarter 2023 Distribution of $0.70 per share, Increases Base Quarterly Distribution to $0.64 per share, and Guides Investors Toward Minimum Quarterly Supplemental Distributions for 2023 Totaling $0.06 per share, Equating to Minimum Total Quarterly Distributions for 2023 of $0.70 per share