Needham analyst Kyle Peterson reiterated a Buy rating on Donnelley Financial Solutions, Inc. (NYSE: DFIN), raising the price target to $65 from $56.
The analyst applauds the company's significant focus and progress in the software business, with core offerings seeing increased adoption.
In software, Peterson believes that the growth has been broad-based, with products such as Arc Suite, Venue, and Active Disclosure all performing well.
The analyst models 4.5% software revenue growth in FY23 and 6% growth in FY24.
The analyst writes that DFIN's transition away ...
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