Truist lowered the firm’s price target on DigitalBridge (DBRG) to $15 from $17 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 Q3 results as well as adjusted revenue growth and expense assumptions, the analyst tells investors in a research note.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DBRG:
- Keefe downgrades DigitalBridge to Market Perform on mix pressure
- DigitalBridge downgraded to Market Perform from Outperform at Keefe Bruyette
- DigitalBridge price target lowered to $16 from $19 at Raymond James
- DigitalBridge price target lowered to $18 from $19 at TD Cowen
- DigitalBridge price target lowered to $16 from $18 at Wells Fargo