Broadridge price target lowered to $228 from $240 at DA Davidson

DA Davidson lowered the firm’s price target on Broadridge (BR) to $228 from $240 and keeps a Neutral rating on the shares ahead of its Q2 results. The firm has fine-tuned its forecasts for several items, including modestly reducing its Q2 forecasts for Event-driven proxy distribution activity and Distribution revenue, the analyst tells investors in a research note.