Barrington raised the firm’s price target on Quad/Graphics (QUAD) to $10 from $8.50 and keeps an Outperform rating on the shares. The company’s Q3 results exceed expectations and the agreement to sell most of its European business operations “further increases strategic focus,” the analyst tells investors in a research note. In addition, the firm views the Google Cloud partnership as a “competitive differentiator” for Quad’s marketing solutions.
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Read More on QUAD:
- Quad/Graphics Reports Q3 2024 Earnings and Strategic Moves
- Quad/Graphics reports Q3 adjusted EPS 26c, two estimates 23c
- Quad/Graphics cuts FY24 sales decline view to about 9% from 5%-9%
- QUAD Upcoming Earnings Report: What to Expect?
- Quad/Graphics to sell majority of European operations to Capmont for EUR41M
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