KBW Maintains Outperform on KKR Financial Holdings (KFN)

KBW is out with its report today on KKR Financial Holdings KFN, maintaining Outperform. In a note to clients, KBW writes, "Following KKR Financial Holdings' 1Q11 results, we are raising our 2011 EPS estimate to $1.63 (from $1.52), but modestly lowering our 2012 EPS estimate to $1.63 (from $1.65). However, we are maintaining our $12 price target and Outperform Rating." Shares of KFN closed Monday at $9.99.