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KKR Boosts Outlook for S&P 500, Profits Despite Inflation Threat

  • Private-equity firm assumes EPS growth of 15% in year ahead
  • Macro chief Henry McVey sees no need ‘to hit the panic button’

KKR & Co. remains bullish on global equities and corporate earnings heading into the new year, even as it predicted that inflation will be higher than consensus. 

The private-equity firm boosted its 2022 target for the S&P 500 to 4,900 from 4,650, assuming earnings per share growth of 15%, according to a report Thursday.