tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Scotiabank upgraded Thomson Reuters on post-earnings selloff

Scotiabank analyst Maher Yaghi yesterday afternoon upgraded Thomson Reuters (TRI) to Outperform from Sector Perform with a price target of $200, up from $188. The selloff in the shares post the “inline but positive” Q2 results presents a buying opportunity, the analyst told investors in a research note. The firm said Thomson is posting “meaningful” revenue and cash flow growth, supported by its artificial intelligence value enhancing product capabilities.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1