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Fly News Breaks for March 9, 2018
KW
Mar 9, 2018 | 07:26 EDT
As previously reported, JMP Securities analyst Mitch Germain upgraded Kennedy Wilson to Outperform from Market Perform, stating that he has greater conviction following the company's "transformative campaign" in 2017. The completed merger with its European partner has created a more stable cash flow profile, while share buybacks, a compensation plan revision, and de-leveraging are all potential catalysts, he tells investors. Germain set a $22 price target on Kennedy Wilson shares.
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