Morgan Stanley Maintains Overweight Rating for Bridge Investment Group: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Overweight rating on Bridge Investment Group (NYSE:BRDG) but reduced its price target from $14.00 to $13.00. Despite this reduction, the new target suggests a significant 70.38% upside from the current price of $7.63. Bridge Investment Group is a real estate investment manager with a focus on various U.S. real estate verticals.
November 21, 2023 | 5:00 pm
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Morgan Stanley reaffirmed its Overweight rating on BRDG but lowered the price target to $13, indicating a potential 70.38% increase from the current price.
The maintenance of an Overweight rating by Morgan Stanley suggests a positive outlook on BRDG, while the price target reduction might reflect a more conservative valuation or market conditions. However, the substantial potential upside indicated by the new target price could drive investor interest and potentially increase the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100