The Globe and Mail reports in its Friday, July 11, edition that National Bank of Canada analyst Adam Shine has reaffirmed his "outperform" recommendation for Thomson Reuters. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Shine gave his share target a $14 boost to $300. Mr. Shine upgraded his share target ahead of the company's second quarter results on Aug. 6. Mr. Shine says in a note, "We forecast Revs $178.5-million, adjusted EBITDA $645-million (margin 36.1 per cent vs. 37.1 per cent) and adjusted EPS 81 cents, with consensus at $179.1-million, $655-million (margin 36.6 per cent) and 84 cents. He says a $500-million share buyback is expected from the company in the second half of this year. The Globe reported on April 30 that RBC Capital analyst Drew McReynolds had reaffirmed his "sector perform" recommendation for Thomson Reuters. The shares could then be had for $254.72. The Globe reported on May 2 that RBC Dominion Securities analyst Drew McReynolds had reiterated his "sector perform" recommendation for Thomson Reuters. The shares could then be had for $254.64.
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