KKR: Great Business At An Unattractive Valuation (Downgrade)
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KKR's stock has doubled in the past year due to strong financials, including a 50% increase in adjusted net income and growth in AUM and management fees. However, the recent rally may reflect overly optimistic expectations, leading to a downgrade to a sell rating.
November 13, 2024 | 10:15 am
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KKR's stock has seen significant growth due to strong financial performance, but the current valuation is considered unattractive, leading to a downgrade to a sell rating.
KKR's stock price has more than doubled due to strong financials, including a 50% increase in adjusted net income and growth in AUM and management fees. However, the recent rally may reflect overly optimistic expectations, leaving a minimal margin of safety. This has led to a downgrade to a sell rating, indicating a likely short-term negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100