UPDATE: Morgan Stanley Raises PT on KKR & CO. from $16 to $17

Morgan Stanley maintained an Equal-Weight rating on KKR & CO. (NYSE: KKR) and raised its price target from $16 to $17.

Morgan Stanley commented, “KKR continues to diversify its product platform, and we believe that its balance sheet is a significant driver to seed future growth. We continue to look for an inflection point when newer strategies gain critical mass and drive a larger portion of earnings.”

KKR & CO. closed at $14.28 on Friday.

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