Michael Brown, an analyst from Wells Fargo, maintained the Buy rating on KKR & Co (KKR – Research Report). The associated price target is $120.00.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Michael Brown has given his Buy rating due to a combination of factors including the recent launch of KKR/Capital credit interval funds, which are expected to drive significant inflows throughout the year. The partnership with Capital is seen as a strategic move that will likely enhance KKR’s market position, with more fund offerings anticipated in the future.
Additionally, KKR’s performance has been strong, with a notable increase in stock value and expectations of a solid first-quarter performance. Despite some market volatility, monetization activities have been steady, suggesting resilience in KKR’s operations. While there are high expectations for the second quarter, the overall outlook remains positive, reinforcing the Buy rating.
In another report released on April 16, Oppenheimer also maintained a Buy rating on the stock with a $138.00 price target.