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 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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