Craig Siegenthaler, an analyst from Bank of America Securities, maintained the Buy rating on KKR & Co (KKR – Research Report). The associated price target was lowered to $189.00.
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Craig Siegenthaler has given his Buy rating due to a combination of factors including KKR’s strong fundraising capabilities across institutional, insurance, and retail channels. The firm is benefiting from a fundraising super cycle, particularly in North America and Asia, and has numerous opportunities to scale its products. Additionally, KKR’s attractive relative valuation makes it a compelling investment.
KKR’s differentiated linear deployment model is another key factor, allowing the firm to invest strategically during challenging macroeconomic periods, thereby enhancing returns. The firm’s significant presence in non-US markets, especially in Asia, positions it well as investors seek to diversify away from US-centric strategies. Furthermore, KKR’s confidence in its competitive advantage over banks in the private credit market, even amidst potential bank deregulation, supports the positive outlook for its alternative investment strategies.
Siegenthaler covers the Financial sector, focusing on stocks such as BlackRock, Nasdaq, and Cboe Global Markets. According to TipRanks, Siegenthaler has an average return of 17.2% and a 63.33% success rate on recommended stocks.