KKR price target raised to $80 from $72 at JMP Securities

JMP Securities analyst Devin Ryan raised the firm’s price target on KKR to $80 from $72 and keeps an Outperform rating on the shares. KKR’s Q4 earnings were "solid," driven by better-than-expected FRE, net realized performance income, and insurance earnings, partially offset by a higher tax rate, and JMP Securities was "encouraged" to hear management reiterate its longer-term growth objectives and the clarity around where the firm is headed over time, the analyst tells investors in a research note.