TPG price target raised to $68 from $67 at Wells Fargo

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.