TPG initiated with an Overweight at Barclays

Barclays analyst Benjamin Budish initiated coverage of TPG (TPG) with an Overweight rating and $78 price target The firm says a “robust” fundraising outlook, margin expansion opportunities, and the company’s solid investment performance position TPG for a “healthy” medium-term earnings growth outlook. The company’s flagship fundraising cycle and margin expansion sets up a “robust” growth trajectory over the next several years, the analyst tells investors in a research note.