HSBC Starts KKR (KKR) at Buy

HSBC analyst Vikram Gandhi initiates coverage on KKR (NYSE: KKR) with a Buy rating and a price target of $148.00.

The analyst comments "With this report, we initiate coverage on KKR & Co with a Buy rating and TP of USD148, as we think the market under-appreciates its significant earnings growth prospects. We reiterate our Hold rating on Blackstone (new TP of USD149) as we see the current share price adequately reflecting the inflection point in its realizations. We also reiterate our Hold rating on Brookfield Asset Management (BAM; new TP of USD45) as post its recent Investor Day, we fail to see any catalyst that could drive the share price significantly up in the near term."

For an analyst ratings summary and ratings history on KKR click here. For more ratings news on KKR click here.

Shares of KKR closed at $127.97 yesterday.

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