Wells Fargo lowered the firm’s price target on Bridge Investment (BRDG) to $11 from $11.50 and keeps an Equal Weight rating on the shares. The firm sees greatest impact for episodic fee streams from macro and cap markets uncertainty, but long-term outlook remains upbeat, and valuations are more attractive after year-to-date underperformance.
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Read More on BRDG:
- Bridge Investment Group Faces Financial Risks Amid Potential Apollo Merger Delays
- Bridge Investment downgraded to Equal Weight from Overweight at Wells Fargo
- Bridge Investment Group Reports 2024 Financial Results
- Bridge Investment price target raised to $11.50 from $8 at TD Cowen
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