JP Morgan Downgrades Broadridge Financial to “Underweight” (BR)
On Wednesday, JP Morgan analysts downgraded Broadridge Financial Solutions, Inc. (BR) on a valuation call, as the company’s sector has outperformed the broader market so far this year.
The analysts downgraded BR to “Underweight.”
Broadridge Financial shares were inactive during pre-market trading on Wednesday. The stock is up 38.77% year-to-date.
The Bottom Line
Shares of Broadridge Financial (BR) offer a dividend yield of 2.65% based on last night’s closing price of $31.75 and the company’s annualized dividend payout of 84 cents per share.
Broadridge Financial Solutions, Inc. (BR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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