** Needham starts coverage of fintech firm Broadridge Financial BR.N with a "buy" rating and $300 PT
** Says BR's product suite is extensive, helping customers across the globe process trades and communicate with investors across asset classes
** Brokerage believes BR's consistent margin expansion and "shareholder-friendly" capital allocation strategy makes the shares worthy of a premium valuation
** Needham's PT on BR represents a 29.2% upside to stock's last close
** The vended market for the services BR provides is estimated to be $60 billion, implying ample runway for growth - Needham
** 3 of 9 brokerages rate the stock "buy" or higher and 6 "hold"; median PT $237.17 - data compiled by LSEG
** As of last close, BR stock up 2.7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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