KKR price target lowered to $128 from $132 at RBC Capital

RBC Capital lowered the firm’s price target on KKR (KKR) to $128 from $132 and keeps an Outperform rating on the shares after its Q1 results. The stock’s attractive valuation gives investors an opportunity to invest in one of the leading and most diversified alternative asset management franchises, the analyst tells investors in a research note. KKR is in a fundraising cycle expected to last through 2027, the firm added.