DigitalBridge Group (NYSE:DBRG) Stock Rating Lowered by Raymond James Financial
Raymond James Financial has downgraded DigitalBridge Group (NYSE:DBRG) from a "strong-buy" to an "underperform" rating, impacting the company's stock which trades around $15.41. Other analysts have also trimmed ratings and target prices, contributing to a MarketBeat consensus of "Hold" with a $16.00 price target. Despite 21.6% year-over-year revenue growth, the company's latest reported revenue of $3.82 million significantly missed analyst estimates of $96.45 million, though EPS matched expectations.