BUZZ-Broadridge Financial gets 'neutral' rating as UBS starts coverage

Reuters11-22

** UBS Securities starts coverage of fintech firm Broadridge Financial BR.N with "neutral" rating and $250 PT, a 10.9% upside to stock's last close

** Company well positioned to deliver consistent mid- to high-single-digits pct recurring revenue growth in medium term, given complexities in investment market and broader trend of financial firms increasingly outsourcing their technology operations - brokerage

** UBS expects Broadridge to look for additional deals to strength existing business offerings or gain new capabilities

** 3 of 9 brokerages rate the stock "buy" and 6 "hold"; median PT $231 - LSEG

** As of last close, Broadridge shares up 9.5% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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