Truist lowered the firm’s price target on DigitalBridge (DBRG) to $13 from $15 and keeps a Buy rating on the shares as part of a broader research note on REITs. The firm is updating its model based on Q4 results as well as adjusted revenue growth and expense assumptions, the analyst tells investors in a research note. Truist adds however that it sees DigitalBridge as “uniquely positioned” as a leading specialist in digital infrastructure, with a highly scalable platform and strong portfolio companies, including assets such as data centers and towers.
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