Wells Fargo analyst Finian O’Shea raised the firm’s price target on KKR to $84 from $75 and keeps an Overweight rating on the shares. The firm also raised out-year EPS estimates after strategic initiatives and KKR’s confidence in future growth were well received.
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Read More on KKR:
- KKR price target raised to $92 from $82 at Barclays
- KKR call volume above normal and directionally bullish
- BofA expects KKR and Apollo Global to be added to S&P 500 over next 6 months
- KKR to acquire remaining 37% of Global Atlantic for $2.7B in cash
- KKR acquires Potter Global Technologies, terms undisclosed
