DA Davidson analyst Peter Heckmann lowered the firm’s price target on Donnelley Financial Solutions (DFIN) to $64 from $72 and keeps a Buy rating on the shares. The firm has reduced its near-term forecasts to reflect the anticipated drag on Transactional Capital Markets activity from recent market turmoil, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DFIN:
- Strategic Shift Towards Software Boosts Donnelley Financial Solutions’ Growth Potential: Buy Rating with $72 Target
- Donnelley Financial Solutions management to meet virtually with Needham
- Donnelley Financial Solutions Amends Credit Agreement and Appoints New Director
- Donnelley Financial Solutions price target lowered to $72 from $76 at DA Davidson
- Donnelley Financial Solutions’ Earnings: Growth Amid Challenges