JP Morgan Maintains Neutral on Thomson Reuters, Raises Price Target to $163
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrew Steinerman maintains a Neutral rating on Thomson Reuters (NYSE:TRI) and raises the price target from $152 to $163.
May 03, 2024 | 7:21 pm
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JP Morgan analyst Andrew Steinerman maintains a Neutral rating on Thomson Reuters and raises the price target from $152 to $163.
The increase in the price target by JP Morgan suggests a positive outlook on the stock's value, potentially leading to increased investor confidence and a short-term positive impact on the stock price. However, the maintenance of a Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential for significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100