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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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: