FS KKR Capital Shares Face Persistent Selling Pressure

Shares of FS KKR Capital continue to experience significant selling pressure, with technical indicators pointing to a potential deepening of the current downtrend. During the previous trading session, the equity declined by 0.87 percent, closing at $14.80. This price movement was accompanied by a notable surge in trading volume, which reached approximately 2 million shares.

Market sentiment among analysts remains subdued. Wells Fargo has assigned an “Equal Weight” rating to the stock alongside a price target of $15.00, suggesting limited upside potential from current levels. The median consensus price target on Wall Street stands at $17.00, highlighting a considerable divergence in expectations. This prevailing caution is rooted in concerns over credit quality and broader pressures facing Read more...