Broadridge price target raised to $215 from $210 at DA Davidson

DA Davidson raised the firm’s price target on Broadridge (BR) to $215 from $210 after hosting a fireside chat with its CFO, who relayed the expectation that Q2 will see record Event Driven proxy distribution revenue – even higher than the management’s prior expectation. Following the comment, the firm is raising its Q2 outlook by 15c to $1.54, the analyst tells investors in a research note.