UPDATE: Compass Point Downgrades KKR Financial
January 08, 2014 at 09:17 AM EST
In a report published Wednesday, Compass Point analyst Jason Stewart downgraded KKR Financial (NYSE: KFN ) to Neutral from Buy, raising its price target from $12.00 to $12.50. According to the report, the price target raise represents a modest discount to the purchase price based on KKR's closing stock