Deutsche Bank Starts KKR Financial (KFN) at Buy; Portfolio Positioned to Benefit From Rising Rates; Attractive Valuation

Deutsche Bank initiates coverage on KKR Financial (NYSE: KFN) with a Buy. PT $12.50.

Deutsche analyst says, "new investments across its targeted assets and grows its portfolio. We believe the portfolio's net long exposure to floating-rate investments should result in net interest income benefiting from higher LIBOR rates. With shares currently trading in line with GAAP book value and given our dividend estimates, we believe shares are attractive."

For more ratings news on KKR Financial click here and for the rating history of KKR Financial click here.

Shares of KKR Financial closed at $9.72 yesterday.

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