Jefferies Raises Price Target On KKR Financial (KFN) After Q4
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Price: $11.54 --0%
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies raised their price target on KKR Financial (NYSE: KFN) from $9 to $10 and reiterated their Hold rating following Q4 beat.
The firm comments, "KFN reported GAAP EPS of $0.43, $0.03 ahead of the Street's estimate of $0.40 and $0.05 below JEF's estimate. Book value of $9.41 was up 3% Q/Q from $9.14 and net investment income grew to $90M in 4Q11, up 4% from 3Q11."
For an analyst ratings summary and ratings history on KKR Financial click here. For more ratings news on KKR Financial click here.
Shares of KKR Financial closed at $9.10 yesterday.
The firm comments, "KFN reported GAAP EPS of $0.43, $0.03 ahead of the Street's estimate of $0.40 and $0.05 below JEF's estimate. Book value of $9.41 was up 3% Q/Q from $9.14 and net investment income grew to $90M in 4Q11, up 4% from 3Q11."
For an analyst ratings summary and ratings history on KKR Financial click here. For more ratings news on KKR Financial click here.
Shares of KKR Financial closed at $9.10 yesterday.
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