KKR Financial (KFN) Jumps On Rare Upgrade

KKR Financial Holdings (NYSE: KFN) is seeing a nice boost today after analysts at JMP Securities upgraded the shares from Market Perform to Market Outperform with a $5 price target. At noon, shares of KFN are trading 16% higher.

The firm cited recent action taken by management including the improved liquidity position and restored cash flows to equity holders. The firm also cited positive trends in the credit market.

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