KKR Gets Price Target Bump Following Q2 Earnings & Acquisition Deal
Portfolio Pulse from Lekha Gupta
KKR & Co Inc's Q2 FY23 results and acquisition deal led to a price target increase by several analysts. The company reported revenues of $3.63 billion, significantly higher than the previous year, and an EPS of $0.73, beating the consensus. KKR also disclosed the buyout of Simon & Schuster from Paramount Global for $1.62 billion. Despite the positive news, KKR shares are trading lower by 1.11%.
August 08, 2023 | 7:46 pm
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NEGATIVE IMPACT
KKR's Q2 FY23 results and acquisition deal led to a price target increase by several analysts. Despite the positive news, KKR shares are trading lower.
Despite the positive Q2 FY23 results and acquisition deal, KKR's stock price is trading lower. This could be due to market volatility or other factors not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
KKR disclosed the buyout of Simon & Schuster from Paramount Global.
The news of KKR buying Simon & Schuster from Paramount Global could have an impact on PARA's stock price, but the article does not provide enough information to determine the direction.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
KKR disclosed the buyout of Simon & Schuster from Paramount Global.
The news of KKR buying Simon & Schuster from Paramount Global could have an impact on PARAA's stock price, but the article does not provide enough information to determine the direction.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50