TPG price target raised to $63 from $58 at Morgan Stanley

Morgan Stanley raised the firm’s price target on TPG (TPG) to $63 from $58 and keeps an Equal Weight rating on the shares. The firm updated its price targets for Alternative Asset Mgrs, North America under its coverage, the analyst tells investors. While credit concerns will likely dominate near-term market valuations, capital markets rebound is on track, the firm adds.