BofA lowered the firm’s price target on KKR (KKR) to $194 from $214 and keeps a Buy rating on the shares. Slowing economic growth, elevated inflation and a declining stock market have reduced the potential for investing and realization rebounds over the near-term, while also lowering investment returns, the analyst tells investors in an earnings preview for the asset manger group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KKR:
- KKR put volume heavy and directionally bearish
- Private Equity Stocks Crash as Tariffs Threaten Dealmaking for KKR and Apollo
- Andreessen Horowitz talks to join bid to buy out TikTok Chinese owners, FT says
- Roku, Tesla among Q2 Tactical Ideas at Wells Fargo
- ReliaQuest raises over $500M in funding at $3.4B valuation