RBC Capital Maintains Sector Perform on Thomson Reuters, Lowers Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Drew McReynolds has maintained a 'Sector Perform' rating on Thomson Reuters (NYSE:TRI) but lowered the price target from $136 to $133.
November 02, 2023 | 5:22 pm
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NEGATIVE IMPACT
Thomson Reuters' price target has been lowered from $136 to $133 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value in the short term. However, the maintenance of the 'Sector Perform' rating suggests that the company is expected to perform on par with other companies in the sector, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100