DigitalBridge price target lowered to $17.75 from $18.50 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on DigitalBridge to $17.75 from $18.50 and keeps an Outperform rating on the shares. The firm reduced its Q2 estimate due to timing of investor catch-up fees and beyond Q2 reduced its estimates by 3% on lower other income. While acknowledging disappointment on slower-than-expected growth and Q1 earnings, the firm remains positive on DigitalBridge’s digital infrastructure strategy, the analyst noted.