DigitalBridge price target lowered to $18 from $20 at JPMorgan

JPMorgan lowered the firm’s price target on DigitalBridge (DBRG) to $18 from $20 and keeps an Overweight rating on the shares. The firm updated its model to reflect a first-half 2025 close for DigitalBridge Partners III and more conservative cost improvements for Q4 and 2025. However, it believes DigitalBridge has a “robust portfolio” of companies that are capitalizing on the growth in digital infrastructure.