DigitalBridge initiated with a Buy at Deutsche Bank

Deutsche Bank analyst Matthew Niknam initiated coverage of DigitalBridge with a Buy rating and $18 price target. The analyst says DigitalBridge’s "high-growth, and increasingly asset-light business model" represents a unique approach to investing in digital infrastructure. The firm sees digital infrastructure as a defensive asset class with "significant runway" for incremental fund flows, even against a tougher macro backdrop.