Broadridge price target raised to $185 from $180 at DA Davidson

DA Davidson raised the firm’s price target on Broadridge to $185 from $180 and keeps a Neutral rating on the shares. The company’s Q2 results were a bit below the firm’s recently raised forecasts for total revenue and earnings but above consensus estimates, the analyst tells investors in a research note. Broadridge management also confirmed they believe they are on track to meet the mid-term objectives set out at their late 2023 Investor Day, the firm added.