Broadridge price target lowered to $228 from $240 at DA Davidson

Group 1 - DA Davidson has lowered the price target for Broadridge (BR) to $228 from $240, maintaining a Neutral rating on the shares ahead of its Q2 results [1] - The firm has fine-tuned its forecasts, including a modest reduction in Q2 forecasts for Event-driven proxy distribution activity and Distribution revenue [1]