Keefe Bruyette raised the firm’s price target on DigitalBridge (DBRG) to $16 from $13.50 and keeps a Market Perform rating on the shares after the company agreed to be acquired by SoftBank (SFTBY) for a total enterprise value of $4B, or $16 per share in cash. The transaction makes strategic sense as it broadens DigitalBridge’s scale and enhances SoftBank’s ability to participate in digital infrastructure investment opportunities, the analyst tells investors in a research note.
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Read More on DBRG:
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