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KKR Real Estate Finance assumed with a Buy at BTIG
The Fly

KKR Real Estate Finance assumed with a Buy at BTIG

BTIG analyst Sarah Barcomb assumed coverage of KKR Real Estate Finance with a Buy rating with a price target of $12, down from $17. The sector should generally trade choppily through the noise associated with watchlist asset migration and realized loan losses through the coming earnings prints, particularly until the interest rate picture crystallizes, but at current valuations, there is more upside potential in the event the Fed signals rate cuts relative to the downside of higher-for-longer signaling, the analyst tells investors in a research note.

Published first on TheFly

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