TD Cowen raised the firm’s price target on KKR to $154 from $144 and keeps a Buy rating on the shares. The firm raised their 12-month, blended sum-of-the-parts derived and Street high price target to reflect excess cash deployment, which assumes a static combined payout ratio but discounted by 15% to reflect uncertainty.
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Read More on KKR:
- KKR & Co. (NYSE:KKR) Stock Scores TD Cowen’s High Price Target on Promising Goals
- KKR (NYSE:KKR) Aims for $1 Trillion in AUM
- KKR price target raised to $144 from $129 at TD Cowen
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