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J.P. Morgan upgrades DigitialBridge (NYSE: DBRG) to Overweight. Will other brokers follow suit
Summary
REIT firm DigitalBridge (NYSE: DBRG) received a rating upgrade from broker J.P. Morgan before market open on September 28, 2023.
DigitalBridge is an REIT firm specializing in digital infrastructure. The company’s Digital Operating segment, responsible for digital asset ownership and leasing, generates most of the firm's revenue, with a primary market presence in the United States.
J.P. Morgan increased its rating on DigitalBridge from ‘neutral’ to ‘overweight’, while raising its price target to US$25 from US$19. The renewed price target represents an upside potential of 51.24% over DBRG’s closing price on Thursday.
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