Tiger Brokers

BUZZ-Wells Fargo upgrades KKR to 'overweight', sees buying opportunity

Reuters
Mar 20, 2025
BUZZ-Wells Fargo upgrades KKR to 'overweight', sees buying opportunity

** Shares of U.S. private equity group KKR KKR.N rise 0.9% to $117.54 premarket

** Wells Fargo upgrades KKR to "overweight" from "equal weight" but cuts PT to $141 from $150

** Says the recent pullback has provided a much more attractive buying opportunity

** "KKR has added considerable diversification to its product suite and geographical mix, and this diversification should help to improve its growth profile as newer strategies continue to scale," brokerage says

** Seventeen of 19 brokerages rate the stock "buy" or higher and 2 "hold"; median PT is $171.5 - data compiled by LSEG

** KKR stock down ~21% YTD, as of last close; shares rose nearly 79% in 2024

(Reporting by Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com))

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