Skip to main content

Market Overview

J.P. Morgan Upgrades Broadridge To Overweight

Share:

According to J.P. Morgan, Broadridge (NYSE: BR) is upgraded to Overweight.

J.P. Morgan said that it is upgrading BR from Neutral to Overweight as it sees an increasingly attractive risk-reward profile. “We think this untapped earnings potential could be highlighted next week (June 22nd) at the company's first investor day. Our Dec 2012 price target is $28 (27% upside to current levels) or 13x our CY13E EPS of $2.16. We see little downside with stock trading at 7% FCF yield and 14.8x NTM P/E (historical of 13x) or 10x CY13E, making BR an attractive defensive name in an uncertain tape.”

Broadridge closed yesterday at $22.06.

 

Related Articles (BR)

View Comments and Join the Discussion!

Posted-In: Broadridge J.P. MorganAnalyst Color Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com