JMP Securities raised the firm’s price target on KKR to $87 from $80 and keeps an Outperform rating on the shares. KKR’s strategic update gives the firm more conviction in the longer-term trajectory, the analyst tells investors in a research note. While the macro backdrop can create certain headwinds across the business at any point in time, JMP is confident that related activity will normalize over time, including in the current cycle.
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