J.P. Morgan Maintains Overweight On BR Following Investor Meeting

J.P. Morgan is maintaining its Overweight rating on Broadridge Financial BR following the company's most recent investor meeting. In the report, J.P. Morgan writes, “BR held its quarterly investor lunch yesterday afternoon, and topics included event-driven revenue, uses of cash, and concerns over client losses and retail investor participation. We continue to believe BR's achievable FY13 growth story is compelling, and we reiterate our Overweight rating.” BR closed at $21.10 yesterday.