KKR Real Estate Finance price target raised to $13 from $10.50 at Wells Fargo

Wells Fargo raised the firm’s price target on KKR Real Estate Finance to $13 from $10.50 and keeps an Overweight rating on the shares. As guided to previously, KKR Real Estate Finance reported a realized loss on three loans resolved this quarter, the firm notes. There were no new watch list loans in Q2 and book value was stable quarter-over-quarter. They may shift toward offense in the second half of 2024, Wells says.