BUZZ-UBS cuts price target on Broadridge Financial; maintains 'neutral'

Reuters
11/14
BUZZ-UBS cuts price target on Broadridge Financial; maintains 'neutral'

** UBS Securities cuts PT on fintech firm Broadridge Financial BR.N to $250 from $280

** New PT, still, reflects an 11.8% upside to stock's last close

** "We are lowering our target multiple as group valuations have come under pressure and we roll forward valuation to CY27" - UBS

** Brokerage reiterates "neutral" rating on the stock; notes the company has made a solid start to FY26, highlighting structural tailwinds, particularly in regulatory solutions and technology outsourcing trends

** UBS says recurring revenue growth accelerated, aided by recent M&A activity notably with the SIS, Signal, and iJoin acquisitions, though organic growth slowed to +5% year-over-year

** Five of 10 brokerages rate the stock "buy" and five "hold"; median PT $274.50 - LSEG

** As of last close, Broadridge shares down ~0.4% YTD

(Reporting by Anuj T in Bengaluru)

((anuj.t@thomsonreuters.com))

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