Keefe Bruyette & Woods Maintains KKR Financial Outperform, Raises PT To $12 (KFN)

Keefe Bruyette & Woods maintained its KKR Financial Holdings KFN Outperform rating and raised KKR Financial Holdings' price target from $11.50 to $12 in a research report published today. In the report, Keefe Bruyette & Woods states, "Following KKR Financial Holdings' 4Q10 results, we are lowering our 2011 EPS estimate to $1.52 (from $1.69) and introducing our new 2012 EPS estimate of $1.65. However, we are also raising our price target to $12 from $11.50." Shares of KKR Financial Holdings were trading at $10.35 at the time of posting, up 0.68% from Thursday's market close.