Broadridge Uniquely Positioned to Connect Traditional and Tokenized Financial Infrastructure, RBC Says

MT Newswires Live10-13

Broadridge Financial Solutions (BR) is uniquely positioned to connect traditional and tokenized financial infrastructure, RBC Capital Markets analysts said in a note emailed Tuesday.

Analysts said that the company's digital asset strategy encompasses four parts: on-chain governance, tokenization, institutional trading, and wealth management.

RBC said the company has a shared platform layer providing wallets, on-chain data, on-chain money, and broader blockchain infrastructure that underpins the four parts.

Analysts said a combination of the company's ICS and GTO segments, along with its capital allocation policy focused on dividends and debt reduction, makes it a stable growth at a reasonable price investment.

RBC maintained an outperform rating and a $226 price target on the stock.

Price: 167.95, Change: +1.54, Percent Change: +0.92

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