KKR price target lowered to $67 from $70 at BofA

BofA analyst Craig Siegenthaler lowered the firm’s price target on KKR to $67 from $70 and keeps a Buy rating on the shares as part of a Q1 earnings preview note on Alternative Asset Managers. The firm believes KKR will report weak fundraising, muted investing activity, solid portfolio returns and light realizations in Q1.