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Fly News Breaks for February 3, 2020
KKR
Feb 3, 2020 | 07:53 EDT
BMO Capital analyst James Fotheringham raised his price target on KKR to $43 and kept his Outperform rating after its Q4 earnings beat driven by higher performance fees and investment income. The analyst also cites the company's confidence in its management fee growth of over 50% over the next 3 years as well as its "particularly strong" fundraising pipeline over the next 12-24 months. Fotheringham maintains that KKR is his top pick among asset management stocks.
News For KKR From the Last 2 Days
