Donnelley Financial Solutions price target raised to $60 from $54 at DA Davidson

DA Davidson raised the firm’s price target on Donnelley Financial Solutions to $60 from $54 and keeps a Neutral rating on the shares. The company should see a benefit in 2024 from a regulatory change, Tailored Shareholder Reports, in the Investment Management segment, the analyst tells investors in a research note. Donnelley’s strong performance in 2023 was a little surprising given the headwinds to the business, but the company should be able to return to growth in 2024, the firm added.