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Fly News Breaks for March 25, 2015
KW
Mar 25, 2015 | 07:47 EDT
After Kennedy Wilson announced that it would be raising about $220M in gross proceeds from a follow-on offering, JMP Securities says that the raise is a strong signal to the investment community that the company's pipeline of opportunities continues to remain strong. The firm says that the company tends to stockpile dry powder ahead of portfolio closings. JMP Securities keeps a $34 price target and Outperform rating on the shares.
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