Bank of America Merrill Lynch Maintains Neutral on Broadridge Financial Solutions

Bank of America Merrill Lynch is out with its report today on Broadridge Financial Solutions

, maintaining Neutral. In a note to clients, Bank of America Merrill Lynch writes, "We rate the shares Neutral. Reflecting weak volumes, anemic stock record growth, price pressures and soft event driven activity, Broadridge has seen revenue growth decelerate. Furthermore, ongoing Brokerage consolidation remains a risk. As such, we expect below trend revenue growth through to continue." Bank of America Merrill Lynch maintains a $24 PO on BR. Shares of BR closed Wednesday at $23.34, up 0.52% from Tuesday's close.