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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DBRG:
- DigitalBridge-led consortium aims to secure deal for WideOpenWest, Reuters says
- Zayo to acquire Crown Castle’s Fiber Solutions unit
- DigitalBridge price target lowered to $13.50 from $14 at Keefe Bruyette
- DigitalBridge price target raised to $16 from $15 at Wells Fargo
- DigitalBridge Group’s Earnings Call Highlights Robust Growth in 2024