Deluxe price target lowered to $33 from $38 at TD Cowen

TD Cowen lowered the firm’s price target on Deluxe (DLX) to $33 from $38 and keeps a Buy rating on the shares. The firm said revenue and EBITDA softness overshadowed the beat in 4Q free cash flow. The company’s 2025 guidance reflects management’s strategy to grow its high-margin technology-driven business lines while maintaining strong financial discipline and steady cash generation.