JPMorgan upgraded TPG (TPG) to Overweight from Neutral with a price target of $78, up from $65. The recent selloff in the sector provides an attractive entry point into TPG, the analyst tells investors in a research note. The firm believes the company is well positioned for “outsized growth” over both the near- and long-term. TPG is entering a “substantive” fundraising cycle, with some of its largest individual fund series due to commence their capital collections in the coming quarters, contends JPMorgan.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TPG:
- TPG price target raised to $69 from $65 at BofA
- BMO Capital’s Positive Outlook on TPG Amidst Growth and Strategic Expansion
- TPG initiated with an Outperform at BMO Capital
- Hologic Stock (HOLX) Climbs as Blackstone and TPG Renew Take-Private Bid
- Blackstone, TPG in revived talks to acquire Hologic, Bloomberg says