** Alternative asset manager KKR's KKR.N shares rise 1.5% to $128.82 premarket
** Morgan Stanley upgrades KKR to "overweight" from "equal-weight"; raises PT to $150 from $120, an 18% upside to stock's last close
** Brokerage says greater-than-expected tariff de-escalation with China can improve confidence in eventual capital markets recovery and re-accelerate the private markets flywheel
** Sees KKR as a way to the play the capital markets recovery as it is well-placed to benefit from tailwinds across private credit, infrastructure, private wealth, and insurance
** MS sees an attractive entry point for investors with KKR shares underperforming peers so far this year
** All 21 brokerages covering the stock rate "buy" or higher; median PT $139 - data compiled by LSEG
** As of last close, KKR stock down 14% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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