KKR price target lowered to $150 from $151 at Wells Fargo

Wells Fargo lowered the firm’s price target on KKR (KKR) to $150 from $151 and keeps an Equal Weight rating on the shares. Favorable positioning was a headwind for KKR as near-perfect results were needed, but ultimately Q4 could serve as a reset moment for the stock, the firm argues. Solid execution and new catalysts could drive a rebound but will take time, Wells adds.