Morgan Stanley analyst James Faucette lowered the firm’s price target on Broadridge (BR) to $256 from $261 and keeps an Equal Weight rating on the shares. The firm, which says it is “encouraged” by continued recurring revenue durability and the intent to invest behind tokenization via the Canton network, trims its price target as it rolls forward it basis to calendar year 2027.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BR:
- Broadridge Financial Solutions: Balancing Strong Performance with Future Growth Risks
- Broadridge Financial Solutions: Strong Performance, Strategic Initiatives, and Promising Digital Asset Exposure Justify Buy Rating
- Broadridge Financial Solutions Reports Strong Q1 Fiscal 2026
- Broadridge’s Earnings Call Highlights Growth and Strategy
- Broadridge reports Q1 adjusted EPS $1.51, consensus $1.25