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Fly News Breaks for August 5, 2019
Aug 5, 2019 | 06:18 EDT
Barclays analyst Jeremy Campbell started KKR with an Equal Weight rating and $29 price target. The analyst says that while KKR has a unique strategy relative to the peers, it is a "bit more pro-cyclical," which warrants a little more cautions this late in the cycle.
News For KKR From the Last 2 Days
Sep 20, 2019 | 08:10 EDT
Where Are We in the Credit Cycle: Outlook for Credit Markets will be held in New York on September 20.
Sep 19, 2019 | 12:22 EDT
Blackstone (BX) and Apollo Global (APO) are eyeing a bid for a majority interest in Western Midstream Partners (WES) being sold by Occidental Petroleum (OXY), Bloomberg's Kiel Porter reports, citing people familiar with the matter. Global Infrastructure Partners and KKR (KKR) are also interested in bidding as well, the author notes. Reference Link
Sep 19, 2019 | 11:14 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. COSTCO CUT TO... To see the rest of the story go to See Story Here
Sep 19, 2019 | 11:05 EDT
Bullish option flow detected in KKR with 3,492 calls trading, 8x expected, and implied vol increasing over 1 point to 26.80%. Sep-19 29 calls and 9/27 weekly 29 calls are the most active options, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 0.07. Earnings are expected on October 24th.
Sep 19, 2019 | 10:26 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Hyatt (H) upgraded to Buy from Neutral at Goldman Sachs with analyst Stephen Grambling saying the company is moving more aggressively towards asset light model, which should drive free cash flow and a re-rating in the shares. 2. Ligand (LGND) upgraded to Overweight from Equal Weight at Barclays with analyst Balaji Prasad saying he believes greater clarity on its pipeline offers strong support for its revenue potential and he revised his revenue forecasts for FY19-FY23 due to increased royalty estimates. 3. Twilio (TWLO) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Meta Marshall saying the company is building out a next-generation communication platform, with multiple expansion markets "still in their infancy." 4. KKR (KKR) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Alexander Blostein saying KKR is entering a period of accelerated earnings growth, driven by its upcoming fund-raising cycle and maturing investment portfolio, which should yield above-consensus incentive income and earnings. 5. Cousins Properties (CUZ) upgraded to Outperform from Market Perform at Wells Fargo with analyst Blaine Heck saying the company's share underperformance year-to-date relative to peers is not warranted given its exposure to office markets that should see solid rent growth over the next 12-24 months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.