Citigroup Maintains Neutral Rating for KKR Real Estate Finance: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for KKR Real Estate Finance (KREF) but lowered its price target from $12.00 to $11.00. KREF's shares are currently trading up 1.35% at $10.50 per share. A move to $11.00 would represent a 4.76% increase from the current share price.
October 25, 2023 | 5:00 pm
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NEUTRAL IMPACT
Citigroup has maintained its Neutral rating for KKR Real Estate Finance but lowered its price target. This could potentially impact the stock's performance in the short term.
The lowered price target by Citigroup could potentially lead to a negative sentiment among investors, which might impact the stock's performance. However, the maintained Neutral rating indicates that Citigroup does not foresee any major changes in the company's performance in the near future.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100