TD Cowen initiated coverage of TPG with a Market Perform rating and $38 price target. The Angelo Gordon transaction favorably alters the narrative, pushing TPG deeper into credit, insurance and real assets, while bolstering the company’s Fee-Related Earnings and Distributable Earnings outlooks, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TPG: