JMP Securities Maintains Market Outperform Rating for KKR Real Estate Finance: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JMP Securities has maintained its Market Outperform rating for KKR Real Estate Finance (NYSE:KREF) but lowered its price target from $15.00 to $14.00. KKR Real Estate Finance's shares are currently trading up 0.16% over the last 24 hours, at $12.37 per share. A move to $14.00 would account for a 13.18% increase from the current share price.
August 30, 2023 | 5:00 pm
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JMP Securities has maintained its Market Outperform rating for KKR Real Estate Finance but lowered its price target. This could potentially lead to an increase in the stock's price if the market aligns with JMP's rating.
The maintained Market Outperform rating indicates that JMP Securities expects KKR Real Estate Finance to outperform the market. However, the lowered price target suggests a downward revision of the company's future financial performance. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100