BNP Paribas Exane Raises TPG Rating to Outperform with $69 Price Target

BNP Paribas Exane upgrades TPG to Outperform with a new price target of $69. TPG is a prominent alternative asset management firm with a market capitalization of $8.43 billion. The company faces challenges in maintaining consistent revenue growth and has a high debt-to-equity ratio of 2.55. TPG's business performance is characterized by its strategic focus on alternative asset management, but it faces sector-specific risks. Valuation metrics indicate a premium valuation, with a P/S ratio of 8.08 and a P/B ratio of 8.75.