KKR & Co LP (KKR) saw its stock price plummet 5.06% during intraday trading on Thursday, marking a significant downward movement.
The decline appears to be driven by analyst sentiment, specifically a price target adjustment from TD Cowen. The firm lowered its price target for KKR to $112 from $131 while maintaining a Hold rating. This reduction in expected valuation may have contributed to negative investor sentiment and selling pressure during the session.
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