DA Davidson Upgrades Broadridge Financial (BR) to Buy

DA Davidson analyst Peter Heckman upgraded Broadridge Financial (NYSE: BR) from Neutral to Buy with a price target of $228.00.

The analyst comments: "We are raising our rating on Broadridge to BUY (from Neutral) and maintaining our PT of $228. Shares of Broadridge have declined roughly 30% from recent highs (including a roughly 7% decline following fiscal 2Q results). We think the recent sell-off has become overdone and presents an opportunity. With fiscal 2Q results, management fine-tuned their FY26 guidance, raising their projected adjusted EPS growth guidance just a bit. At current levels, the shares trade at an EV of 12 times our calendar 2027 EBITDA forecast of $2.05B, notably below the historical average multiple."

For an analyst ratings summary and ratings history on Broadridge Financial click here. For more ratings news on Broadridge Financial click here.

Shares of Broadridge Financial closed at $185.95 yesterday.

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