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Fly News Breaks for August 18, 2017
TRTX
Aug 18, 2017 | 08:55 EDT
JMP Securities analyst Steven C. DeLaney started coverage of TPG with a $21.50 price target and an Outperform rating. The analyst says that the company's CEO and CFO have "strong credit and direct lending experience," while it is receiving "strong sponsorship and real estate private equity synergies" from global private investment firm TPG. The analyst adds that he is upbeat on TPG RE's investment portfolio "because it is senior in the capital stack and well-aligned to benefit from rising short-term rates."
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