KKR (KKR) PT Lowered to $148 at TD Cowen

TD Cowen analyst Bill Katz lowered the price target on KKR (NYSE: KKR) to $148.00 (from $154.00) while maintaining a Buy rating.

The analyst commented, "1Q24 (see 5/1 ) reinforced the outlook for KKR remains bright with mgmt affirming medium/LT KPIs - including 7-8 ANI p.s. ( 26E)/2x w/in 10 years (to 15) - with significant multi-vectored growth and building capital return optionality. We remain constructive yet there are few more zigs & zags along the way across key ANI drivers. Retain Buy; lower 12-month blended price target 4% to 148."

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