KKR price target raised to $70 from $67 at Deutsche Bank

Deutsche Bank analyst Brian Bedell raised the firm’s price target on KKR to $70 from $67 and keeps a Buy rating on the shares. KKR is a "steady ship in a turbulent market" and its Q4 results were "relatively good," the analyst tells investors. KKR continues to perform well under challenging conditions, with insurance operations performing better than anticipated. Deutsche Bank remains optimistic on the company’s private wealth buildout over the long term and sees the company well positioned within the alternative manager sector to deploy capital across their asset classes at favorable valuations.