Donnelley Financial Solutions (DFIN) PT Raised to $80 at DA Davidson

DA Davidson analyst Peter Heckman raised the price target on Donnelley Financial Solutions (NYSE: DFIN) to $80.00 (from $72.00) while maintaining a Buy rating.

The analyst comments "This morning, DFIN reported 2Q results with total revenue 2% below our forecast (and 1% below the consensus), but adjusted EBITDA was 13% above our forecast (and 14% above the consensus). Following the update, we have fine-tuned our forecasts though the changes on an annual basis are relatively modest. We are maintaining our BUY rating on DFIN and raising our price target to $80 (from $72) as we move our valuation framework to our 2026 forecasts."

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