BMO Capital Cuts PT on TPG Inc. (TPG) to $48 From $60 – Here’s Why

TPG Inc. (NASDAQ:TPG) is one of the best affordable stocks to buy with good earnings growth. On March 24, BMO Capital cut the price target on TPG Inc. (NASDAQ:TPG) to $48 from $60, reiterating an Outperform rating on the shares. The rating update came as part of a broader research note on Alternative Asset Manager names, with the firm telling investors that issues are piling up, with uncertainty around realizations increasing with credit issues at Asset-Based Finance markets, BDC redemptions, AI-driven disruption weighing on performance, and market volatility. The firm further stated in the research note that credit spreads are also widening, and fraud allegations raise questions around underwriting and downside protection.

In another development, TPG Inc. (NASDAQ:TPG) received a rating update from Barclays on March 2. The firm cut the price target on the stock to $56 from $69, reiterating an Overweight rating on the shares and telling investors in a research note that it revised estimates across the alternative asset manager group. The firm also stated that although it is too early to ascertain the real AI impact on portfolio companies, it lowered business development company-related earnings on lower flow assumptions and realization.

TPG Inc. (NASDAQ:TPG) operates as a global, diversified alternative asset management firm. The firm’s investments span across five multi-product platforms: Capital, Growth, Impact, Real Estate, and Market Solutions.

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