00:14:04 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Thomson Reuters Corp (2)
Symbol TRI
Shares Issued 470,837,843
Close 2023-05-09 C$ 165.18
Market Cap C$ 77,772,994,907
Recent Sedar Documents

Globe says Shine boosts Thomson Reuters to "outperform"

2023-05-09 07:43 ET - In the News

The Globe and Mail reports in its Tuesday, May 9, edition that National Bank Financial analyst Adam Shine has upgraded his recommendation for Thomson Reuters to "outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Shine has an unchanged share target of $184. Analysts on average target the shares at $173.24. Mr. Shine says the "opportunity, threat, and hype of AI" was spotlighted last week, prompting a steep share price drop for several on-line learning providers, including Thomson Reutera. However he thinks its Westlaw service has a "stronger moat" than its competitors. The Globe reported on March 1 that Mr. Shine had cut Thomson Reuters to "sector perform" from "outperform." It was then worth $164.43. The Globe reported on April 25 that RBC Capital Markets analyst Drew McReynolds continued to rate Thomson Reuters "outperform." In the item, Mr. McReynolds said he saw "a very attractive fundamental set-up" at Thomson Reuters. The shares could then be had for $179.64. The Globe reported on May 4 that Canaccord Genuity analyst Aravinda Galappatthige had lowered his recommendation for Thomson Reuters to "hold" from "buy." It was then worth $170.09.

© 2024 Canjex Publishing Ltd. All rights reserved.