11:40 AM EDT, 05/01/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our target price by $32 to $143 using a narrower equity risk premium and a more conservative forward P/E of 27.0x in line with the five-year historic average. Our investment thesis is driven by a more optimistic scenario for the second half of 2025 for KKR to realize private equity monetization and return of capital. On the earnings call, management stated that less than 10% of its invested companies are directly exposed to new tariffs. Therefore, we see risk to the upside given KKR shares have corrected over 30% from their 2025 highs. We do not see a V-shape recovery in private equity but expect improvement. Thus, we lower our EPS estimates in 2025 by $1.00 to $5.30 (consensus $5.42) and 2026's by $0.65 to $6.70 ($7.00) per share. KKR reported strong Q1 2025 results with fee related earnings up 23% Y/Y to $664B, while total operating earnings and adjusted net income grew 16% and 20% Y/Y, respectively. Assets under management rose 15% Y/Y to $664B, with fee-paying AUM increasing 12% Y/Y to $526B.