Bridge Investment price target lowered to $10 from $10.50 at TD Cowen

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.