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.
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