Benchmark Reiterates Buy And PT Of $23 On R.R. Donnelley & Sons Company (RRD)

Benchmark reiterated its Buy rating on R.R. Donnelley & Sons Company (NASDAQ: RRD) in a research report published today. Benchmark also left its price target of $23 unchanged, after R.R. Donnelley report Q1 results in line with market expectations.

In the report, Benchmark states, "RRD reported an in-line 1Q11, while initiating a $1 billion stock repurchase program. We maintain our Buy rating and $23 per share price target."

In yesterday's trading, R.R. Donnelley gained 1.57% to end the day at $19.44.