KKR price target raised to $106 from $78 at Argus

Argus analyst Stephen Biggar raised the firm’s price target on KKR to $106 from $78 and keeps a Buy rating on the shares. The company reported a strong set of earnings in Q4, benefiting from growth in management fees and realized performance fees as well as fundraising, the analyst tells investors in a research note. Argus further cites the management’s expectations of an acceleration in fundraising in 2024, aided by capital raises for a number of flagship funds.