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Why Did TPG Plunge 10.29%? TD Cowen Cuts Target Price
Generated by AI AgentAinvest Movers Radar
Monday, Apr 14, 2025 5:29 am ET1min read
On April 14, 2025,
experienced a significant drop of 10.29% in pre-market trading, sparking concerns among investors about the company's recent performance and future prospects.TD
, a prominent investment firm, recently revised its outlook on TPG, lowering its target price from $54.00 to $37.00 and assigning a "hold" rating to the stock. This adjustment reflects the firm's cautious stance on the company's near-term growth potential, citing various market challenges and internal factors that could impact TPG's financial performance.This pessimistic forecast from
Cowen has likely contributed to the recent decline in TPG's stock price, as investors reassess their positions in light of the revised target price and rating. The firm's analysis suggests that TPG may face headwinds in the coming quarters, which could lead to further volatility in the stock's performance.
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