Wells Fargo Maintains Overweight on KKR & Co, Raises Price Target to $93
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timothy O'Shea has maintained an Overweight rating on KKR & Co (NYSE:KKR) and increased the price target from $84 to $93, indicating a positive outlook on the company's stock.
January 22, 2024 | 1:24 pm
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POSITIVE IMPACT
Wells Fargo analyst Timothy O'Shea reaffirms an Overweight rating on KKR & Co and raises the price target to $93, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Timothy O'Shea from Wells Fargo is a strong positive signal to the market, often leading to increased investor confidence and potential short-term price appreciation. The Overweight rating reaffirms the analyst's belief that KKR & Co is expected to perform better than the average of the sector or the market within his coverage universe.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100