Donnelley Financial hits 7-month high after results

Donnelley Financial Solutions

03/08/2022 17:17

** Donnelley Financial Solutions  DFIN.N  shares surging 18.45%
to $39.80 after hitting session high of $41.62; highest level
since Jan 13
    ** DFIN shares on track for biggest daily pct gain since
March 26, 2020
    ** The risk and compliance solutions company posted Q2 adj
EPS of $1.54 on revenue of $266.2 mln vs estimates of 89 cents
per share and $222.13 mln, per Refinitiv data 
    ** Among the 3 analysts that cover DFIN, the breakdown of
recommendations are 2 "strong buy" or "buy" and 1 "hold" rating;
median price target of $39 is down from $45 on May 3
    ** DFIN shares are now trading above 200-day MA for first
time since Feb 17
   ** Despite gain on Wed, DFIN shares still down more than 15%
YTD vs 11.4% fall in S&P small cap financials  .SPSMCF  

 (Reporting by Chuck Mikolajczak)
 ((charles.mikolajczak@tr.com; @ChuckMik;))