B. Riley downgraded DigitalBridge (DBRG) to Neutral from Buy with a $16 price target after SoftBank (SFTBY) announced the acquisition of DigitalBridge in an all-cash offer for $16 per share, representing a total enterprise value of $4B.
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Read More on DBRG:
- DigitalBridge price target raised to $16 from $13.50 at Keefe Bruyette
- DigitalBridge Group: Neutral Stance as Valuation Offsets Strategic Strengths and Execution Risks Persist
- DigitalBridge buyout price should be $2-$4 higher, says Wells Fargo
- DigitalBridge downgraded to Sector Perform from Outperform at RBC Capital
- DigitalBridge downgraded to Hold from Buy at TD Cowen