Piper Sandler reaffirmed its Overweight rating on KKR & Co. Inc. (NYSE:KKR) following a group meeting with CFO Rob Lewin, setting a price target of $166. The firm highlighted increased deal momentum as a key factor in its bullish outlook, particularly in digital infrastructure and potential growth in the 401K market. However, Piper Sandler noted near-term pressure on the company’s insurance operations due to tight asset spreads and strong competition. Overall, Piper Sandler’s research note confirmed a positive view on KKR’s business momentum and growth prospects.

KKR & Co. Inc. (NYSE:KKR) is a New York-based investment firm with interests in private equity, real estate, credit, and infrastructure. While KKR presents investment potential, other AI stocks may offer greater upside with lower downside risk. For those seeking an undervalued AI stock benefitting from current economic trends, consider exploring the best short-term AI stock in a free report.

Read more at Yahoo Finance: Piper Sandler Assigns Overweight Rating on KKR, Maintains $166 PT