Morgan Stanley elevates KKR (KKR) to “Top Pick” among the analyst’s Brokers, Asset Managers and Exchanges coverage, arguing that a better than feared macro backdrop on the back of tariffs de-escalation, equities market rally, and more normalized volatility “bode well for a capital markets recovery.” Shares have lagged, being down 9% year-to-date, adds the analyst, who sees shares being poised for a rebound. Morgan Stanley has an Overweight rating and $150 price target on KKR shares. KKR replaces CME (CME) as the analyst’s “Top Pick,” though the analyst still views CME as a defensive beneficiary of uncertainty that may persist and maintains an Overweight rating and $304 price target on the shares.
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