TPG price target lowered to $58 from $62 at TD Cowen

TD Cowen lowered the firm’s price target on TPG (TPG) to $58 from $62 and keeps a Hold rating on the shares. The firm said they lowered their 2025 A/T DE forecast 9% to 2.53 to reflect elevated investment spending related to its NY H/Q relocation and stepped up TPG/AG integration costs