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Fly News Breaks for December 19, 2018
KW
Dec 19, 2018 | 07:21 EDT
JPMorgan analyst Anthony Paolone started Kennedy Wilson with an Overweight rating and $25 price target. The analyst sees "3-5 years of runway" for the company to grow its net asset value per share at 6% annually from his spot estimate of $26.12. The 4% dividend yield, internal growth, development/re-development pipeline, and assets under management growth should all act as catalysts, Paolone tells investors in a research note.
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