Canaccord analyst Aravinda Galappatthige last night upgraded Thomson Reuters (TRI) to Buy from Hold with a price target of $174, down from $182. The company’s earnings and adjusted EBITDA were better than expected in Q3 on costs, while its revenues were in line, the analyst tells investors in a research note. The firm cites upside to Thomson’s growth expectations and “solid positioning from a balance sheet perspective” for the upgrade. It sees the recent selloff in the shares as an opportunity to upgrade.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRI:
- Thomson Reuters Reports Strong Q3 2025 Performance
- Thomson Reuters Earnings Call: Strong Growth Amid Challenges
- Thomson Reuters upgraded to Buy from Hold at Canaccord
- Thomson Reuters price target lowered to $172 from $187 at Morgan Stanley
- TRI Earnings: Thomson Reuters Posts Strong Results, Announces $1 Billion Stock Buyback