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Wells Fargo has upgraded KKR's stock rating from neutral to overweight, citing potential for a rebound after a recent decline. Analyst Michael Brown set a new price target of $141, reflecting a 21% upside, driven by better-than-expected asset monetization and strong first-quarter fundraising, despite a year-to-date drop of over 21%. KKR's stock rose nearly 1% on Thursday, with manageable downside risks noted.
Wells Fargo analyst Michael Brown upgraded KKR & Co. Inc. from Equal Weight to Overweight, adjusting the price target to $141 from $150, driven by a positive growth outlook and expectations of a fundraising supercycle. KKR's strong financial health and reasonable valuation present an attractive entry point for investors, with a favorable risk/reward balance. Additionally, KKR has raised $2.6 billion through convertible preferred stock and is exploring acquisitions, including TXNM Energy Inc. and Gerresheimer AG, while enhancing its governance with a new board member.
Michael D. Brown
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Wells Fargo upgrades KKR amid potential for stock price rebound
15:51 20.03.2025
Wells Fargo upgrades KKR stock rating amid positive growth outlook
KKR & Co. Inc.
Gerresheimer AG
DEU
USA
Michael D. Brown
Timothy R Barakett
Blake Shorthouse
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11:45 20.03.2025
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