Broadridge price target lowered to $245 from $265 at RBC Capital

RBC Capital analyst Daniel Perlin lowered the firm’s price target on Broadridge (BR) to $245 from $265 and keeps an Outperform rating on the shares. The company reported results above the firm’s and the Street expectations, while the management maintained its FY26 recurring revenue growth expectations and tightened its FY26 adjusted EPS growth guidance higher, though RBC is cutting its price target on a more conservative overall and fintech market environment, the analyst tells investors in a research note.