What's Going On With KKR Shares Today?
Portfolio Pulse from Lekha Gupta
KKR & Co. Inc. (NYSE:KKR) shares are trading higher after finalizing the purchase of Park 8Ninety, a 12-building industrial logistics park in Houston, Texas, for $234 million. Evercore ISI Group maintained an Outperform rating on KKR and raised its price target from $112 to $117. KKR is also in talks to separate its media assets and reduce its stake in Kokusai Electric. KKR stock has gained around 90% in the last 12 months. Investors can gain exposure to KKR via FM Focus Equity ETF (NYSE:FMCX) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO).
July 15, 2024 | 5:16 pm
News sentiment analysis
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POSITIVE IMPACT
Investors can gain exposure to KKR via FM Focus Equity ETF (NYSE:FMCX), which may benefit from the positive developments surrounding KKR.
As FMCX holds KKR shares, the positive news surrounding KKR is likely to have a beneficial impact on the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
KKR shares are trading higher after finalizing the purchase of Park 8Ninety for $234 million. Evercore ISI Group maintained an Outperform rating and raised its price target to $117. KKR is also in talks to separate its media assets and reduce its stake in Kokusai Electric.
The acquisition of Park 8Ninety and the positive analyst rating from Evercore ISI are likely to boost investor confidence in KKR. Additionally, the potential separation of media assets and reduction in stake in Kokusai Electric could streamline operations and unlock value.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to KKR via EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO), which may benefit from the positive developments surrounding KKR.
As LBO holds KKR shares, the positive news surrounding KKR is likely to have a beneficial impact on the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50