KKR & Co. Inc. (NYSE:KKR) is one of the Best Revenue Growth Stocks to Invest In. On October 10, Christopher Allen from Citi reiterated a Buy rating on KKR & Co. Inc. (NYSE:KKR) while reducing the price target from $170 to $150.
The analyst noted that they cut price targets in the alternative asset management space due to the negative investor sentiment. However, the firm remains optimistic for continued market improvement in the future.
Earlier, on October 7, John Barnidge from Piper Sandler also reduced the price target on the stock from $166 to $155, while keeping a Buy rating. The analyst noted that they see tailwinds for the sector as investment income continues to normalize. He also sees tailwinds for fees benefiting from more trading days, increased fees, and equity market performance. Moreover, the company also sees underwriters benefiting from claim experience, which shows good indications from both the actuarial review period and the future earnings season. As a result, the firm continues to favors underwrites.
KKR & Co. Inc. (NYSE:KKR) is a global investment firm specializing in alternative asset management. The company operates through three main segments, including Asset Management, Insurance, and Strategic Holdings.
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Disclosure: None. This article is originally published at Insider Monkey.