Market Overview

UPDATE: Benchmark Raises PT on R.R. Donnelley & Sons Co. on Increased Margin Pressure

Related RRD
UPDATE: R.R. Donnelley Q4 Profit Tops Estimates
Earnings Scheduled For February 25, 2015

In a report published Wednesday, Benchmark Company analyst Edward J. Atorino reiterated a Buy rating on R.R. Donnelley & Sons Co. (NASDAQ: RRD), and slightly raised the price target from $12.00 to $13.00.

In the report, Atorino noted, “Despite the prospect of higher sales than previously projected, we are revising down our 2013 EPS forecast on expected pressure on margins from lower pension income, the absence of a favorable customer rebate reversal adjustment and the acquisition of Presort Solutions in 2012. We are raising our revenue forecast from $9.96 billion to $10.07 billion, but reducing our EPS forecast from $1.73 to $1.57. However, we maintain our Buy rating for the stock's attractive current dividend yield and possible share price appreciation and raise our target to $13 reflecting recent industry multiple expansion.”

R.R. Donnelley & Sons Co. closed on Tuesday at $11.13.

Latest Ratings for RRD

Mar 2015BenchmarkUpgradesHoldBuy
Mar 2015Sidoti & Co.DowngradesBuy
Nov 2014BenchmarkDowngradesBuyHold

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