Wells Fargo analyst Michael Brown raised the firm’s price target on TPG (TPG) to $68 from $67 and keeps an Overweight rating on the shares. Transformations are rarely smooth, and noisy near-term fee revenue trajectory and tech and rent expenses remind the firm of this. Still, the investment thesis is intact and the selloff in the shares is a buying opportunity, in Wells’ view.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TPG: