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CIBC upgrades Thomson Reuters on surprising earnings selloff

As previously reported, CIBC analyst Stephanie Price upgraded Thomson Reuters (TRI) to Outperformer from Neutral with an unchanged price target of $201. The firm is surprised by the selloff in shares post the Q2 report and largely unchanged outlook. CIBC sees a compelling entry point at current share levels. Thomson Reuters in afternoon trading is up 2% to $175.39.

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