KKR's rail equipment sale, Stord's AMS acquisition and PreScalar's seed
KKR's rail equipment sale, Stord's AMS acquisition and PreScalar's seed（摘要待生成）
KKR shares fell as alternative-asset managers weakened
On October 13, KKR shares fell 3.9% to $87.92 in midday trading. Investing.com attributed the decline partly to TD Cowen’s October 12 price-target cut to $103 from $118, with a Hold rating, amid concern about realization activity ahead of KKR’s Q3 results, scheduled for November 9.
KKR shares fell as analysts cut targets
On Oct. 13, KKR fell 3.9% to $87.92 in midday trading; Investing.com attributed pressure to TD Cowen’s Oct. 12 target cut to $103 from $118, Hold. KKR had announced an expanded TotalEnergies renewables JV on Oct. 12. The article cited no peer-stock comparison.
KKR And TotalEnergies Agree To Add 700 MW Solar Portfolio To 50/50 JV Holding 1.4 GW At $1.2B Enterprise Value
TotalEnergies, KKR Strike $1.2 Billion Solar Deal
TotalEnergies (NYSE: TTE) shares rose in premarket trading after expanding its US solar JV with KKR by 700 MW in a $1.2B deal.
TD Cowen cuts KKR price target to $103
On Oct. 12, analyst William Katz of TD Cowen maintained Hold and cut KKR’s target to $103 from $118. On the same date, UBS analyst Michael Brown reiterated Buy and trimmed its target to $122 from $123. KKR closed at $87.16 on Oct. 13, down 4.75%; the page gives no peer moves or causal attribution.
'KKR Bans Non-Competes for Lower-Paid US Portfolio Company Staff' - Bloomberg
'Refresco plots potential IPO at $10B-plus valuation, sources say'- Reuters Exclusive
Barclays lowers KKR target in Q3 preview
On Oct. 8, Barclays cut its KKR target to $130 from $135 and kept Overweight as part of a Q3 preview. Its note said realization activity softened more than expected in Q3 after a stronger Q2. No stock or peer reaction was reported.