Here’s What the Street is Saying About KKR & Co. (KKR)

KKR & Co. Inc. (NYSE:KKR) is one of the best NYSE stocks to buy for long-term investment. KKR & Co. Inc. (NYSE:KKR) received several rating updates from analysts following the release of its fiscal Q1 results. Oppenheimer lifted the price target on KKR & Co. Inc. (NYSE:KKR) to $143 from $140 on May 7 and maintained an Outperform rating on the shares. The firm stated that the company reported solid fiscal Q1 results. However, it added that although the results were strong, they were helped by some lumpy items, including an estimated $70M of catch-up fees and better-than-expected carry and realized investment income. Oppenheimer stressed that all these items are real earnings and will recur in the future, but one should not annualize them into the forward outlook.

The same day, RBC Capital cut the price target on the stock to $128 from $132 and maintained an Outperform rating on the shares, telling investors in a research note that the stock’s attractive valuation allows investors to invest in one of the leading and most diversified alternative asset management franchises.

KKR & Co. Inc. (NYSE:KKR) is an investment firm that offers alternative asset management along with capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business.

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