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Fly News Breaks for October 28, 2015
KKR
Oct 28, 2015 | 06:44 EDT
Piper Jaffray analyst Jason Weyeneth cut his price target for KKR to $21 saying the company's distribution policy change is likely to pressure the stock today and possibly over the next couple of months. He recommends buying the stock on "significant weakness," however, as he believes the long-term value of the franchise is unchanged. Weyeneth sees valuation support in the $16 range and keeps an Overweight rating on the name.
News For KKR From the Last 2 Days
