KKR price target raised to $136 from $120 at Wells Fargo

Wells Fargo raised the firm’s price target on KKR (KKR) to $136 from $120 and keeps an Overweight rating on the shares. The firm says Q1 results from KKR were good, not great, but largely supported the thesis of its March upgrade, and out-year EPS estimates remain close to unchanged. The macro backdrop creates frictions, but KKR is still chugging along nicely, Wells adds.