Raymond James analyst Stephen Laws lowered the firm’s price target on KKR Real Estate Finance to $15 from $18 and keeps an Outperform rating on the shares. NII and distributable earnings were slightly below the firm’s estimates while a large reserve build negatively impacted GAAP results, the analyst tells investors in a research note.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on KREF:
