Piper Sandler Reiterates Overweight Rating on KKR (KKR)

Piper Sandler analyst John Barnidge reiterated an Overweight rating and $166.00 price target on KKR (NYSE: KKR).

The analyst commented: "Last week, we hosted a group meeting between KKR CFO Rob Lewin and institutional investors. The meeting reinforced our positive view on KKR with deal activity picking up, digital infrastructure being a multi-year opportunity, and the longer-term 401K opportunity being additive to the current story. However, insurance will likely remain challenging over the near-term with asset spreads tight and significant competition on the liability side."

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 $138.69 yesterday.

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