TD Cowen lowered the firm’s price target on Bridge Investment (BRDG) to $10 from $10.50 and keeps a Hold rating on the shares. The firm estimates consensus is 20% too high for 2025E and Cowen’s initial 2026E sits nearly 25% below peers. Cowen believes the Street needs a realization check around the pace of exits and monetizations.
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Read More on BRDG:
- Bridge Investment downgraded to Equal Weight from Overweight at Morgan Stanley
- Bridge Investment Group Reports Resilient Q3 2024 Results
- Bridge Investment reports Q3 distributable EPS 15c, consensus 18c
- Bridge Investment downgraded to Hold at TD Cowen following recent ‘bounce’
- Bridge Investment downgraded to Hold from Buy at TD Cowen