Jefferies confirms its Buy recommendation on the stock, with an unchanged price target of $115, after the Investor Day.

' At the Investor Day, KKR presented a multi-year outlook for continued accelerated growth. Specifically, $300 billion in assets under management is expected to be raised between 2024 and 2026, supporting adjusted net income guidance of $7-8/sh ' says the analyst firm.

The combination of transparent prospects for steady growth, margin expansion and increased cash flow makes KKR an attractive long-term investment," adds Jefferies.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.