JP Morgan Maintains Overweight on KKR Real Estate Finance, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains an Overweight rating on KKR Real Estate Finance (KREF) but lowers the price target from $11.5 to $10.
April 10, 2024 | 12:54 pm
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NEGATIVE IMPACT
JP Morgan maintains an Overweight rating on KKR Real Estate Finance, with a reduced price target from $11.5 to $10.
The reduction in price target by a reputable analyst like Richard Shane from JP Morgan could lead to a short-term negative sentiment among investors, potentially causing a decrease in KREF's stock price. The Overweight rating indicates a positive long-term outlook, but the lowered price target suggests adjustments in valuation expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100