DigitalBridge price target lowered to $20 from $27 at Cowen

Cowen analyst Michael Elias lowered the firm’s price target on DigitalBridge to $20 from $27 and keeps an Outperform rating on the shares. The analyst continues to view the company as an attractive and unique way to play the Digital Infrastructure theme as we believe it is positioned to benefit from long-term secular tailwinds.