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BR

Broadridge

$119.80

0.485 (0.41%)

09:18
11/16/19
11/16
09:18
11/16/19
09:18

Broadridge a defensive name that can withstand slowdown, Barron's says

Broadridge Financial Solutions (BR) is a defensive name that has loyal customers and can "withstand an inevitable slowdown," according to Barron's Nicholas Jasinski. The company, which "processes and distributes investor communications for nearly every public company," must be used regardless if the market is up or down, as companies must communicate with shareholders and distribute reports mandated by the SEC. Last year, 97% of Broadridge's fee-paying business was renewed, Jasinki noted. Additionally, Broadridge is transitioning to digital, allowing it to charge for digital distribution without the costs of shipping physical documents. "They're very much involved in the capital markets, but they're not as exposed to the fluctuations of the capital markets," said Jensen Investment Management portfolio manager Allen Bond. "Broadridge is one of the best dividend growth stocks you've never heard of," added Evercore ISI analyst David Togut. Reference Link

BR Broadridge
$119.80

0.485 (0.41%)

05/08/19
05/08/19
DOWNGRADE
Target $128

Neutral
Broadridge downgraded to Neutral at DA Davidsonon valuation
As previously reported, DA Davidson analyst Peter Heckmann downgraded Broadridge to Neutral from Buy with an unchanged price target of $128. The analyst contends that risk-reward on the stock is balanced at current levels after the company's Q3 earnings beat and a FY19 guidance forecast anticipating slower revenue growth but wider margin expansion.
07/22/19
RHCO
07/22/19
NO CHANGE
Target $150
RHCO
Buy
Broadridge price target raised to $150 from $130 at SunTrust
SunTrust analyst Oscar Turner raised his price target on Broadridge to $150 and kept his Buy rating, citing the company's opportunity to capture market share from banks and wealth management firms. The analyst sees Broadridge as a "compounder with a strong franchise and underappreciated competitive position", saying the acceleration of its Recurring Fee growth and a strong Closed Sales figure may serve as catalysts for the stock.
07/31/19
RAJA
07/31/19
DOWNGRADE
RAJA
Market Perform
Broadridge downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Patrick O'Shaughnessy downgraded Broadridge to Market Perform from Outperform saying the risk/reward is balanced at current share levels.
07/31/19
07/31/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AMD (AMD) downgraded to Hold from Buy at Craig-Hallum with analyst Christian Schwab citing the company's earnings and "disappointing" guidance for the third quarter that missed both his and Street expectations due to lower than anticipated Semicustom revenue expectations. 2. Dow Inc. (DOW) downgraded to Outperform from Top Pick at RBC Capital with analyst Arun Viswanathan citing the "compression in the PU/siloxanes earnings" as well as softer macro conditions. 3. Total (TOT) downgraded to Equal Weight from Overweight at Morgan Stanley. 4. Broadridge (BR) downgraded to Market Perform from Outperform at Raymond James with analyst Patrick O'Shaughnessy saying the risk/reward is balanced at current share levels. 5. T2 Biosystems (TTOO) downgraded to Neutral from Overweight at Cantor Fitzgerald and to Neutral from Buy at Janney Montgomery Scott and H.C. Wainwright. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

AFIN

American Finance Trust

$14.53

-0.15 (-1.02%)

07:10
12/11/19
12/11
07:10
12/11/19
07:10
Conference/Events
American Finance Trust management to meet with B. Riley FBR »

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  • 12

    Dec

AHCO

AdaptHealth

$10.09

0.19 (1.92%)

07:10
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12/11
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Initiation
AdaptHealth initiated  »

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VIE

Viela Bio

$28.00

2 (7.69%)

07:10
12/11/19
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Viela Bio initiates Phase 2b trial of VIB4920 in Sjogren's syndrome »

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XCUR

Exicure

$2.99

0.115 (4.01%)

07:09
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Exicure announces update from AST-008 trial, to enroll patients in Phase 2 study »

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BCRX

BioCryst

$2.86

0.26 (10.00%)

07:08
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12/11
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BioCryst submits NDA for oral, once daily berotralstat for HAE attacks »

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PTI

Proteostasis

$3.96

0.44 (12.50%)

07:08
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12/11
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Proteostasis begins trial of proprietary modulators in cystic fibrosis »

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JOBS

51job

$81.19

1.88 (2.37%)

07:07
12/11/19
12/11
07:07
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07:07
Initiation
51job initiated  »

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SBRA

Sabra Health Care

$21.87

-0.3 (-1.35%)

07:07
12/11/19
12/11
07:07
12/11/19
07:07
Syndicate
Breaking Syndicate news story on Sabra Health Care »

Sabra Health Care files…

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PLCE

Children's Place

$70.67

0.68 (0.97%)

07:07
12/11/19
12/11
07:07
12/11/19
07:07
Earnings
Children's Place lowers FY19 adj. EPS view $5.00-$5.20 from $5.40-$5.75 »

Consensus $5.62. Sees…

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  • 11

    Dec

UNFI

United Natural Foods

$9.88

0.19 (1.96%)

07:06
12/11/19
12/11
07:06
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07:06
Hot Stocks
United Natural Foods reports Q1 gross margin 12.81% of net sales »

Gross margin for the…

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  • 11

    Dec

  • 18

    Dec

AZO

AutoZone

$1,250.39

79.085 (6.75%)

07:05
12/11/19
12/11
07:05
12/11/19
07:05
Recommendations
AutoZone analyst commentary  »

AutoZone price target…

03/08/13
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  • 12

    Dec

  • 18

    Dec

CORV

Correvio

$1.39

(0.00%)

07:05
12/11/19
12/11
07:05
12/11/19
07:05
Downgrade
Correvio rating change  »

Correvio downgraded to…

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  • 24

    Dec

JBLU

JetBlue

$18.89

-0.03 (-0.16%)

07:04
12/11/19
12/11
07:04
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07:04
Hot Stocks
JetBlue reports November traffic up 3.7% »

JetBlue reported its…

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UNFI

United Natural Foods

$9.88

0.19 (1.96%)

07:04
12/11/19
12/11
07:04
12/11/19
07:04
Hot Stocks
United Natural Foods CEO says 'we remain confident that UNFI is well-positioned' »

"We entered the new…

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  • 11

    Dec

  • 18

    Dec

PLCE

Children's Place

$70.67

0.68 (0.97%)

07:04
12/11/19
12/11
07:04
12/11/19
07:04
Earnings
Children's Place sees Q4 adjusted EPS $1.48-$1.68, consensus $2.06 »

Sees Q4 revenue…

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  • 11

    Dec

UNFI

United Natural Foods

$9.88

0.19 (1.96%)

07:03
12/11/19
12/11
07:03
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07:03
Hot Stocks
Breaking Hot Stocks news story on United Natural Foods »

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  • 11

    Dec

  • 18

    Dec

STAA

Staar Surgical

$37.19

0.23 (0.62%)

07:03
12/11/19
12/11
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Hot Stocks
STAAR Surgical announces FDA IDE clinical study approval »

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UNFI

United Natural Foods

$9.88

0.19 (1.96%)

07:02
12/11/19
12/11
07:02
12/11/19
07:02
Earnings
United Natural Foods backs FY20 adjusted EPS view $1.22-$1.76, consensus $1.38 »

Backs FY20 revenue view…

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  • 11

    Dec

  • 18

    Dec

FTV

Fortive

$73.83

-0.31 (-0.42%)

07:02
12/11/19
12/11
07:02
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07:02
Upgrade
Fortive rating change  »

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  • 11

    Dec

PLCE

Children's Place

$70.67

0.68 (0.97%)

07:02
12/11/19
12/11
07:02
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07:02
Earnings
Children's Place reports Q3 adjusted EPS $3.03, consensus $3.02 »

Reports Q3 revenue…

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  • 11

    Dec

SLG

SL Green Realty

$89.95

1.355 (1.53%)

07:02
12/11/19
12/11
07:02
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07:02
Upgrade
SL Green Realty rating change  »

SL Green Realty upgraded…

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UNFI

United Natural Foods

$9.88

0.19 (1.96%)

07:01
12/11/19
12/11
07:01
12/11/19
07:01
Earnings
United Natural Foods reports Q1 adjusted EPS 12c, consensus 26c »

Reports Q1 revenue…

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  • 11

    Dec

  • 18

    Dec

CTL

CenturyLink

$14.14

-0.02 (-0.14%)

06:59
12/11/19
12/11
06:59
12/11/19
06:59
Initiation
CenturyLink initiated  »

CenturyLink initiated…

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INFO

IHS Markit

$73.33

0.22 (0.30%)

06:59
12/11/19
12/11
06:59
12/11/19
06:59
Initiation
IHS Markit initiated  »

IHS Markit initiated with…

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YTEN

Yield10 Bioscience

$0.15

-0.0056 (-3.66%)

06:58
12/11/19
12/11
06:58
12/11/19
06:58
Recommendations
Yield10 Bioscience analyst commentary  »

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  • 09

    Jan

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