DigitalBridge price target lowered to $20 from $35 at Truist

Truist lowered the firm’s price target on DigitalBridge to $20 from $35 and keeps a Buy rating on the shares as part of a broader research note on REITs. The firm is adjusting its model based on Q2 results, recent events, and adjusted revenue growth and expense assumptions for the company, the analyst tells investors in a research note.