Needham analyst Kyle Peterson initiated coverage on Donnelley Financial Solutions, Inc. (DFIN) with a Buy rating and a price target of $55. Peterson believes DFIN's competitive advantage will widen as it expands its offerings, and its focus on returning capital to shareholders through an active share repurchase program will help the stock re-rate higher. The analyst expects the company to see a more durable revenue stream less dependent on capital market conditions, and projects 13% EPS growth in FY24.