Piper Sandler Assigns Overweight Rating on KKR, Maintains $166 PT

KKR & Co. Inc. (NYSE:KKR) is one of the best dividend stocks to buy. On September 9, following a group meeting with KKR’s CFO Rob Lewin and institutional investors, Piper Sandler reaffirmed its Overweight rating on the stock and assigned a price target of $166.

The firm showed confidence in KKR, noting stronger transaction volumes across business areas. Piper Sandler cited this growth in deal momentum as a main factor in its decision to stick with a bullish rating.

Piper Sandler identified digital infrastructure as a core strength, labeling it a "multi-year opportunity" for KKR. The 401K market was also noted as a possible addition to the broader growth narrative.

While the overall outlook was favorable, Piper Sandler pointed out that the company’s insurance operations are under some near-term pressure from tight asset spreads and intense liability-side competition.

Piper’s research note came after the meeting with KKR CFO Rob Lewin, which confirmed its constructive perspective on the company’s business momentum and growth opportunities.

KKR & Co. Inc. (NYSE:KKR) is a New York-based investment firm that is involved in private equity, real estate, credit, and infrastructure.

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