DigitalBridge price target lowered to $19 from $22 at Raymond James

Raymond James lowered the firm’s price target on DigitalBridge to $19 from $22 and keeps a Strong Buy rating on the shares. DigitalBridge reported mixed Q2 results, and the most important metrics are now gross and net fundraising to grow Fee Earning Assets Under Management, as it drives all other financial metrics, the analyst tells investors in a research note. Raymond James believes the long-term return story is compelling.