Wells Fargo downgraded Bridge Investment (BRDG) to Equal Weight from Overweight with a price target of $11.50, up from $10, after the company entered into an agreement for Apollo to acquire Bridge in an all-stock transaction with an equity value of approximately $1.5B, or $11.50 per share.
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Read More on BRDG:
- Bridge Investment Group Reports 2024 Financial Results
- Bridge Investment price target raised to $11.50 from $8 at TD Cowen
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- Bridge Investment rises 37.1%
- Apollo Global Management Shores Up Real Estate Assets With Bridge Investment Group Acquisition