Barclays raised the firm’s price target on KKR to $117 from $114 and keeps an Overweight rating on the shares as part of a Q2 earnings preview. The analyst believes the brokers, asset managers and exchanges are continuing to get closer to a “normal” market environment, with the initial public offering and acquisition markets “showing signs of life,” setting the stage for a stronger second half of 2024 and first half of 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KKR:
- Global Atlantic, Service Corporation form partnership in preneed insurance
- KKR price target lowered to $145 from $157 at TD Cowen
- KKR looks to revive process to sell Goodpack, WSJ reports
- Instructure has strong market leadership in K-12/higher education, says Truist
- KKR Stock News: Here’s What Investors Need to Know