KKR price target raised to $103 from $93 at Wells Fargo

Wells Fargo analyst Finian O’Shea raised the firm’s price target on KKR to $103 from $93 and keeps an Overweight rating on the shares. The firm cites good momentum for capital raising, deployment, management fees and capital markets fees to close out 2023. Wells is raising EPS estimates modestly, but mix is favorable.