Morgan Stanley lowered the firm’s price target on Thomson Reuters (TRI) to $172 from $187 and keeps an Equal Weight rating on the shares after Q3 earnings. The firm noted that Thomson Reuters issued full-year guidance towards the lower end on lighter bookings in corporates, government cancels and slower print ramp. With valuation at the high end of info services coverage, the bar continues to be high for the company, Morgan Stanley told investors in a research note.
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