CIBC Downgrades Thomson Reuters to Neutral, Maintains Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Robert Bek has downgraded Thomson Reuters (NYSE:TRI) from Outperformer to Neutral, while maintaining the price target at $140.
August 04, 2023 | 1:53 pm
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NEGATIVE IMPACT
Thomson Reuters has been downgraded from Outperformer to Neutral by CIBC, with the price target remaining at $140.
The downgrade from Outperformer to Neutral by CIBC analyst Robert Bek could potentially lead to a negative sentiment among investors, which may impact the stock price in the short term. However, the maintained price target of $140 indicates that the analyst still sees potential in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100