FS KKR Capital price target lowered to $18 from $21 at RBC Capital

RBC Capital lowered the firm’s price target on FS KKR Capital (FSK) to $18 from $21 and keeps a Sector Perform rating on the shares. The firm’s revised net interest income per share estimates are partly driven by pick up in non-accruals and updated rate outlook, which assumes Fed rate reductions mainly in 2026, the analyst tells investors in a research note.