J.P. Morgan Has Thoughts On Broadridge After Investor Meeting (BR)

J.P.Morgan Chase & Co. has some thoughts on Broadridge Financial Solutions, Inc.

after the company held its quarterly investor lunch yesterday, and it remains Neutral on the stock. In a research report to investors, J.P.Morgan Chase & Co. writes, "Consistent with comments on the last earnings call, management appeared comfortable with BR’s current position while still acknowledging the financial impact and overhang of the present environment. Currently, management’s biggest concern remains depressed retail investor participation in the markets, with approx. $3 trillion on the sidelines. Although management believes this is not a permanent trend, it is not taking a view as to when retail investors will re-enter the market at this time." Shares of Broadridge Financial Solutions, Inc. closed at $20.53 yesterday, up 10 cents.