Donnelley Financial's Transition Away From Print Business Towards Software To Boost Margins: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Kyle Peterson has reiterated a Buy rating on Donnelley Financial Solutions, Inc. (DFIN), raising the price target to $65 from $56. Peterson applauds DFIN's transition from print to software, which has boosted margins and efficiency. Despite margin compression due to weaker capital markets activity, Peterson expects margins to improve steadily in FY24 and beyond. The analyst also raised FY23 and FY24 revenue estimates for DFIN.
September 29, 2023 | 7:01 pm
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POSITIVE IMPACT
DFIN's transition to software has been applauded by Needham analyst, who expects margins to improve and has raised the price target and revenue estimates.
The positive outlook from the Needham analyst, including a raised price target and revenue estimates, indicates a strong potential for DFIN's stock price to increase in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100