Donnelley Financial Solutions price target raised to $65 from $56 at Needham

Needham raised the firm’s price target on Donnelley Financial Solutions to $65 from $56 and keeps a Buy rating on the shares. Following the firm’s meeting with the company management, the analyst contends that Donnelley is making good progress as its core offerings see increased adoption, the analyst tells investors in a research note. The recent uptick in capital markets activity will be beneficial to Donnelley both from a transaction-fee perspective and the “creation” of additional sticky revenue through recurring compliance software and services, the firm added.