RBC Capital Downgrades Thomson Reuters to Sector Perform, Raises Price Target to $139
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Drew McReynolds has downgraded Thomson Reuters (NYSE:TRI) from Outperform to Sector Perform, while raising the price target from $135 to $139.
August 04, 2023 | 12:42 pm
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Thomson Reuters has been downgraded by RBC Capital from Outperform to Sector Perform, but the price target has been raised from $135 to $139.
The downgrade from Outperform to Sector Perform suggests that RBC Capital sees Thomson Reuters as now being on par with the average expectations for companies in its sector. However, the increase in the price target from $135 to $139 indicates that RBC Capital still sees potential for the stock's price to increase. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100