RBC Capital Maintains Sector Perform Rating for Thomson Reuters: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Sector Perform rating for Thomson Reuters (NYSE:TRI) and increased its price target from $149.00 to $153.00. Despite this, Thomson Reuters' shares are currently trading at $155.93, indicating a potential 1.88% decline if the price target is met. Thomson Reuters, known for its significant segments in legal professionals, tax and accounting, and corporates, emerged from a $17.6 billion merger and sold Refinitiv to LSE Group in 2021.
February 09, 2024 | 5:00 pm
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RBC Capital maintains Sector Perform rating for Thomson Reuters, raising its price target to $153. Despite this, shares are above this target at $155.93, suggesting a potential downside.
The maintenance of the Sector Perform rating with an increased price target suggests a positive outlook from RBC Capital, yet the current trading price above the target indicates potential for a short-term decline. The detailed background of Thomson Reuters' business segments and its history of significant mergers and acquisitions further contextualize its market position and potential for stability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100