TPG price target raised to $50 from $46 at Citi

Citi raised the firm’s price target on TPG to $50 from $46 and keeps a Buy rating on the shares. The post-earnings selloff had more to do with overall market conditions than the results and outlook, which were “incrementally positive,” the analyst tells investors in a research note. The firm came away from the earnings call more confident in TPG’s outlook for fundraising, deployment and realizations in 2024.