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Bridge Investment price target lowered to $11 from $11.50 at Wells Fargo

Wells Fargo lowered the firm’s price target on Bridge Investment (BRDG) to $11 from $11.50 and keeps an Equal Weight rating on the shares. The firm sees greatest impact for episodic fee streams from macro and cap markets uncertainty, but long-term outlook remains upbeat, and valuations are more attractive after year-to-date underperformance.

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