UBS initiated coverage of Broadridge (BR) with a Neutral rating and $250 price target The analyst believes Broadridge is well positioned to deliver consistent recurring revenue growth in the mid- to high-single digits in the medium term, driven by favorable demographics and growing complexities in investment markets. However, with the stock’s valuation is “fairly full,” the analyst tells investors in a research note.
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Read More on BR:
- Broadridge Financial Solutions Targets Growth in Recurring Revenue
- Broadridge price target raised to $207 from $200 at Morgan Stanley
- Broadridge Reports Solid Q1 Fiscal 2025 Growth
- Broadridge still sees FY25 adjusted EPS growth 8%-12%, consensus $8.51
- Broadridge reports Q1 adjusted EPS $1.00, consensus $1.00
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