TPG price target lowered to $58 from $60 at BofA

BofA lowered the firm’s price target on TPG (TPG) to $58 from $60 and keeps a Buy rating on the shares. Despite a tough backdrop, TPG monetized $9B in investments including One Oncology and Intersect Power, which contributed to the strength in transaction/capital markets fees, the analyst tells investors in a research note. The firm added that software exposure is limited in private credit.