TPG price target raised to $42 from $36 at BMO Capital

BMO Capital raised the firm’s price target on TPG to $42 from $36 and keeps a Market Perform rating on the shares. The company’s capital raising is expected to remain robust in 2024, supported by strong investor interest for Credit and Impact strategies, the analyst tells investors in a research note. TPG’s track record for organically seeding new strategies and expansion in Credit provides enhanced fundraising consistency outside its private equity flagship fundraises, the firm added.