Citi Upgrades Blackstone Digital Infrastructure Trust to Buy
Citi Research has upgraded its rating for Blackstone Digital Infrastructure Trust (BXDC) from Neutral to Buy. However, the firm also lowered its price target for the stock to $20.00 from previously set at $23.00. The adjustment comes as analysts reassess the company's outlook and valuation potential. During pre-market trading on Monday, BXDC shares rose 1.74% to trade at $16.95. This increase reflects investor optimism following Citi’s upgrade despite the reduced price target. Blackstone Digital Infrastructure Trust focuses on digital infrastructure investments, a sector that has seen growing interest amid increasing demand for data and cloud services. The move by one of Wall Street's major banks signals cautious confidence in BXDC's long-term potential while acknowledging current valuation concerns.
Tickers: $BXDC
Topics: pre-market trading price target adjustment stock rating