tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Thomson Reuters price target raised to $201 from $174 at CIBC

CIBC raised the firm’s price target on Thomson Reuters (TRI) to $201 from $174 and keeps a Neutral rating on the shares. The firm views Thomson Reuters’ revenue growth profile as attractive vs. peers. The company exited Q1 with a strong balance sheet and leverage of 0.6-times, with upside from M&A and its strong GenAI product roadmap. CIBC stays on the sidelines given current valuation, trading near the top end of its peer group range.

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