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You are here: Home / Standard and Poor Capital IQ Upgrades R. R. Donnelley (RRD) from HOLD to BUY, Target Price Reduced
Standard and Poor Capital IQ Upgrades R. R. Donnelley (RRD) from HOLD to BUY, Target Price Reduced
January 18, 2012
New York, January 18 (FinanceEnquiry.com) - Analyst Jim Corridore of S&P Capital IQ upgrades the shares of R. R. Donnelley (NASDAQ: RRD) from HOLD to BUY. The 12-month target price has been reduced from $19 to $17.
In a research note published yesterday, the analyst mentions that the shares of R. R. Donnelley declined 14 percent, followed by revenue, EBIT and cash flow guidance that appears in line with the estimates. The revenue guidance of R. R. Donnelley implies 6 percent growth, which is expected to decelerate to 3 percent in 2012, the analyst adds.
R. R. Donnelley
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