KKR price target raised to $143 from $107 at Morgan Stanley

Morgan Stanley raised the firm’s price target on KKR to $143 from $107 and keeps an Equal Weight rating on the shares. The recovery of capital markets is on track and is set to re-accelerate the private markets flywheel, the analyst tells investors. While the conversion of deal pipelines is taking longer than expected due to softer exit activity driving Q3 estimate cuts, the firm is looking for management commentary and forward look to support the stocks.