Donnelley Financial Solutions price target raised to $74 from $64 at DA Davidson

DA Davidson raised the firm’s price target on Donnelley Financial Solutions (DFIN) to $74 from $64 and keeps a Buy rating on the shares ahead of its Q2 results. The firm has trimmed its Q2 forecasts to reflect slightly more drag from Transactional Capital Markets activity, cutting its FY25 EBITDA view to $233.5M from $234.1M, but notes that its new modeled price target now reflects the company’s 2027 forecasts, the analyst tells investors in a research note.