TD Cowen lowered the firm’s price target on KKR (KKR) to $183 from $189 and keeps a Buy rating on the shares. The firm suspects management is warehousing balance sheet liquidity and both the timing and optics seem bad to them.
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
- KKR Genetic Dosorder L.P. announces sale of 6M shares of BridgeBio
- M&A News: KKR and Walmart (WMT) Wave Goodbye to Japanese Retailer Seiyu in $2.5B Deal
- KKR to sell Seiyu to Trial Holdings
- KKR & Co’s Strategic Expansion and Stock Dilution Lead to Hold Rating