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Investing.com - Morgan Stanley has lowered its price target on Broadridge Financial (NYSE:BR) stock to $256.00 from $261.00 while maintaining an Equalweight rating. Broadridge currently trades at $222.86, near its 52-week low of $208.19, and carries a P/E ratio of 31.15.
The price target adjustment comes as Morgan Stanley rolls forward its primary reference year to calendar year 2027 and incorporates minor estimate changes to its model.
The revised target applies an 18x multiple to Morgan Stanley’s updated Base Case CY27 adjusted EBITDA estimate of $1.844 billion for Broadridge Financial.
Morgan Stanley’s analysis indicates that Broadridge Financial’s estimates remain largely unchanged despite the slight reduction in price target.
The firm believes Broadridge Financial could see multiple expansion toward the upper end of its historical trading range as the company continues to execute in its core business while investing in tokenization-related capabilities. InvestingPro data shows Broadridge has raised its dividend for 18 consecutive years, currently offering a 1.75% yield, and appears slightly undervalued based on Fair Value analysis. For deeper insights, including 10+ additional ProTips and a comprehensive Research Report, explore Broadridge among the 1,400+ US equities covered on InvestingPro.
In other recent news, Broadridge Financial Solutions reported its fiscal Q1 2026 earnings, demonstrating a strong performance. The company achieved earnings per share (EPS) of $1.51, which exceeded the forecasted $1.24, marking a 21.77% positive surprise. Additionally, Broadridge’s revenue reached $1.59 billion, surpassing expectations by 3.25%. These results highlight the company’s ability to outperform analyst projections in both earnings and revenue. Despite the positive earnings report, the stock experienced a slight pre-market dip. Analyst opinions from various firms have not been explicitly detailed in this context. These developments are part of Broadridge’s recent financial activities.
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