Broadridge upgraded to Peer Perform from Underperform at Wolfe Research

Wolfe Research upgraded Broadridge to Peer Perform from Underperform without a price target. The analyst cites stability in position growth trends, free cash flow conversion improvements, and recurring revenue resiliency for the upgrade. However, Wolfe remains cognizant of the continued softness in bookings and closed sales trends and will continue to monitor the evolution of these trends in the coming periods.