TPG RE Finance price target raised to $7 from $6 at Wells Fargo

Wells Fargo analyst Donald Fandetti raised the firm’s price target on TPG RE Finance to $7 from $6 and keeps an Overweight rating on the shares. TPG RE Finance made progress clearing their existing loan challenges, the firm notes. The portfolio no longer has non-performing or 5-rated loans. The company seems to believe core earnings will support the current dividend, Wells adds.