UPDATE: Oppenheimer Upgrades KKR (KKR) to Outperform; Adding More Gains

July 2, 2012 7:21 AM EDT Send to a Friend
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Price: $21.43 -3.69%

Rating Summary:
    12 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 27 | Down: 26 | New: 17
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(Updated - July 2, 2012 8:01 AM EDT)

Oppenheimer upgrades KKR (NYSE: KKR) from Perform to Outperform. PT $18.00.

Analyst Chris Kotowski, said, "...the company has recently made great headway in monetizing investments in its large and critically important 2006 Fund. This $17.6B fund represents 44% of KKR's invested private equity capital, but has not yet generated significant "cash carry" for distributions despite some $5B in gains, of which about $2B have been realized."

For an analyst ratings summary and ratings history on KKR click here. For more ratings news on KKR click here.

Shares of KKR closed at $12.89 yesterday.


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