Morgan Stanley Maintains Equal-Weight on TPG, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on TPG (NASDAQ:TPG) and increased the price target from $31 to $40.

January 24, 2024 | 8:17 pm
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Morgan Stanley has raised the price target for TPG from $31 to $40 while maintaining an Equal-Weight rating.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on TPG's valuation, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the sector or the overall market, but the raised target price implies that there may be more upside than previously anticipated.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100